Get Approved at The Lowest Rate
Traditional mortgage requirements in Borrego Springs, 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 Borrego Springs, 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 Borrego Springs, 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 Borrego Springs, 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 Borrego Springs, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Borrego Springs, 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 Borrego Springs, 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 Borrego Springs, 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 Borrego Springs, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Borrego Springs, 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.
The benefits of a 12 month bank statement loan in Borrego Springs, California are numerous. This type of loan is ideal for self-employed individuals who may not have traditional income documentation but can show a steady income through their bank statements over the past year. It provides flexibility and easier approval for those who fall into this category. Borrego Springs, California, is a small, picturesque town in the desert region of San Diego County. With a population of around 3,500 residents, the demographics of the town skew towards an older population, with a median age of 54.8 years. The town has a rich cultural heritage and strong sense of community. The housing market in Borrego Springs offers unique opportunities for buyers. With a median home value of $317,600, the market is more affordable compared to neighboring areas. It is a great place for those looking to invest in a vacation home or retire in a tranquil desert setting while still being within driving distance of urban amenities. Despite its small size, Borrego Springs boasts several main attractions that draw visitors year-round. The Anza-Borrego Desert State Park, the largest state park in California, offers stunning natural beauty and outdoor recreational activities. The town is also known for its vibrant art scene, including the Galleta Meadows sculpture installations scattered throughout the area.
Benefits of a 12 Month Bank Statement Loan in Borrego Springs, California
