Get Approved at The Lowest Rate
Traditional mortgage requirements in Bell Gardens, 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 Bell Gardens, 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 Bell Gardens, 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 Bell Gardens, 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 Bell Gardens, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Bell Gardens, 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 Bell Gardens, 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 Bell Gardens, 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 Bell Gardens, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Bell Gardens, 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.
1. Flexibility: A 12-month bank statement loan offers self-employed individuals the flexibility to qualify for a mortgage based on their bank statements rather than traditional employment verification. 2. Fast Approval: These types of loans typically have a quicker approval process as they focus on the borrower's bank statements, allowing for a more streamlined approach to getting a mortgage. 3. Higher Approval Rates: Self-employed individuals who may have difficulty meeting traditional mortgage requirements can benefit from higher approval rates with a 12-month bank statement loan. Demographics Bell Gardens, California, has a diverse population with a mix of Hispanic, White, and Asian residents. The city is known for its strong community bond and family-oriented atmosphere. Housing Market The housing market in Bell Gardens is competitive, with a mix of single-family homes and apartments. The median home value is slightly above the national average, making it an attractive location for homeowners and investors alike. Main Attractions Some of the main attractions in Bell Gardens include the Bicycle Casino, Bell Gardens Golf Course, and the beautifully landscaped parks like Veterans Park and Bell Gardens John Anson Ford Park.
Benefits of a 12 Month Bank Statement Loan in Bell Gardens, California
