Get Approved at The Lowest Rate
Traditional mortgage requirements in Benavides, TX 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 Benavides, TX 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 Benavides, TX 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 Benavides, TX, 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 Benavides, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Benavides, TX 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 Benavides, TX 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 Benavides, TX, 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 Benavides, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Benavides, TX? 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 Benavides, Texas offers flexibility and accessibility to individuals who may not qualify for traditional mortgages. This type of loan allows applicants to use their bank statements as proof of income, making it suitable for self-employed individuals or those with non-traditional sources of income. Benavides, Texas, a small town with a population of approximately 1300 residents, offers a tight-knit community feel. The demographics of the town include a mix of Hispanic, White, and Native American residents, contributing to a diverse cultural environment. The housing market in Benavides, Texas, is relatively affordable compared to larger cities in the state. With the median home price below the national average, potential homebuyers can find attractive housing options without breaking the bank. While Benavides may be a small town, it boasts several main attractions such as the Benavides City Park, offering recreational activities for residents, and the Benavides Historical Museum, providing insights into the town's rich history. Additionally, the town's proximity to nature reserves and state parks makes it a desirable location for outdoor enthusiasts.
Benefits of a 12 Month Bank Statement Loan in Benavides, Texas
