Get Approved at The Lowest Rate
Traditional mortgage requirements in Auburn, CA can often be challenging, especially for self-employed individuals or those with non-traditional income sources. A Bank Statement Home Loan offers a flexible and convenient alternative, making homeownership more accessible for those who might not fit the standard loan criteria.
A Bank Statement Home Loan is designed for individuals who can demonstrate their ability to repay the loan through their bank statements rather than traditional income documentation such as W-2s or tax returns. This loan program in Auburn, CA is ideal for self-employed borrowers, freelancers, contractors, and small business owners who have a steady income but may not have the conventional paperwork to prove it.
Use your bank statements (usually 12 to 24 months) to verify income in Auburn, CA instead of traditional documents like tax returns. This flexibility accommodates various income types, including irregular or seasonal earnings.
Secure financing for a wide range of loan amounts in Auburn, CA, making it easier to purchase your dream home or refinance your existing mortgage.
Enjoy the benefits of competitive down payment options, ensuring you can invest in your home in Auburn, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Auburn, CA may not require PMI, potentially reducing your monthly payments.
Benefit from customized loan terms that suit your financial situation and long-term homeownership goals.
To qualify for a Bank Statement Home Loan, you need to meet the following criteria:
Ideal for individuals with self-employment income or other non-traditional income sources.
Provide 12 to 24 months of personal or business bank statements in Auburn, CA to verify income.
A good credit score is typically required, with specific minimums varying based on the loan amount and other factors.
Ability to make a competitive down payment in Auburn, CA, typically ranging from 10% to 20% of the purchase price.
Horizon Lending Services is dedicated to providing tailored mortgage solutions that meet your unique needs. Our experienced team understands the challenges of securing a loan with non-traditional income and is committed to helping you navigate the process with ease. We offer personalized service, competitive rates, and a seamless application process in Auburn, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Auburn, CA? Contact Horizon Lending Services today to learn more about how this flexible loan option can help you purchase or refinance your home. Our knowledgeable professionals are here to guide you through every step of the process, ensuring a smooth and successful experience.
Discover how Horizon Lending Services can make homeownership a reality with our Bank Statement Home Loan program.
A 12-month bank statement loan in Auburn, California offers flexibility and convenience for self-employed individuals or those with non-traditional income sources. This type of loan allows applicants to use their bank statements as proof of income, enabling a simplified application process. Demographically, Auburn boasts a population of approximately 14,000 residents. The city attracts a mix of young professionals, families, and retirees seeking a peaceful yet vibrant community. With a median household income higher than the national average, Auburn presents an attractive opportunity for property investment. Regarding the housing market, Auburn offers a diverse range of properties catering to various budgets and preferences. The market has shown steady growth in recent years, making it an opportune time for prospective buyers to invest in real estate. The average home price in Auburn is competitive compared to neighboring areas, making it an attractive location for both first-time homebuyers and investors. Auburn, California, is renowned for its historic downtown area, featuring charming shops, restaurants, and cultural attractions. Additionally, the city is surrounded by natural beauty, with easy access to hiking trails, lakes, and recreational areas. Residents and visitors alike can enjoy the vibrant arts scene and community events that Auburn has to offer.
Benefits of 12 Month Bank Statement Loan in Auburn, California
