Get Approved at The Lowest Rate
Traditional mortgage requirements in Beverly Hills, 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 Beverly Hills, 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 Beverly Hills, 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 Beverly Hills, 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 Beverly Hills, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Beverly Hills, 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 Beverly Hills, 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 Beverly Hills, 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 Beverly Hills, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Beverly Hills, 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 Beverly Hills, California offers a flexible financing option for individuals who may not qualify for traditional loans due to irregular income. This type of loan allows applicants to use their bank statements as proof of income, making it easier for self-employed individuals or those with non-traditional income sources to secure funding. Demographic information in Beverly Hills shows a population of approximately 34,000 residents, with a median age of 42 years. The city is known for its high average household income, luxurious lifestyle, and a strong presence of individuals working in the entertainment industry. In terms of the housing market, Beverly Hills is characterized by high property values and a competitive real estate environment. The city offers a mix of upscale single-family homes, luxury estates, and prestigious condominiums, making it an attractive destination for high-end real estate investors and buyers. Beverly Hills boasts iconic attractions such as Rodeo Drive, a world-renowned shopping district, the luxurious Beverly Hills Hotel, and the famous Beverly Gardens Park. The city is also home to a variety of fine dining establishments, cultural venues, and exclusive boutiques, adding to its allure as a premier destination in California.
Benefits of 12-Month Bank Statement Loan in Beverly Hills, California
