Get Approved at The Lowest Rate
Traditional mortgage requirements in Bakersfield, 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 Bakersfield, 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 Bakersfield, 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 Bakersfield, 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 Bakersfield, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Bakersfield, 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 Bakersfield, 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 Bakersfield, 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 Bakersfield, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Bakersfield, 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.
Obtaining a 12-month bank statement loan in Bakersfield, California can be advantageous for self-employed individuals or those with non-traditional income sources. These loans require minimal documentation and consider bank statements in lieu of tax returns, making them ideal for those who may not easily qualify through conventional methods. Bakersfield, with a population of approximately 380,000, boasts a diverse demographic makeup. The city has a strong Hispanic and Latino presence, with a blend of other ethnicities adding to its cultural vibrancy. This demographic diversity contributes to a rich tapestry of traditions, cuisine, and community events. The housing market in Bakersfield offers an attractive mix of affordability and variety. With a median home price below the state average, prospective buyers can find housing options that suit various budgets and preferences. The market is dynamic, with opportunities for both first-time buyers and seasoned investors looking to capitalize on the region's growth. Bakersfield features a range of main attractions, including the iconic Buck Owens' Crystal Palace, dedicated to country music legend Buck Owens. The city is also known for its proximity to outdoor recreational areas like the Kern River and Sequoia National Forest, providing residents with ample opportunities for outdoor adventures and exploration.
Benefits of a 12-Month Bank Statement Loan in Bakersfield, California
