Get Approved at The Lowest Rate
Traditional mortgage requirements in Brea, 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 Brea, 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 Brea, 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 Brea, 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 Brea, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Brea, 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 Brea, 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 Brea, 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 Brea, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Brea, 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 Brea, California provides self-employed individuals with a flexible financing option. This loan type requires minimal documentation, allowing borrowers to use their bank statements as proof of income. It is an excellent alternative for those who may have difficulty qualifying for traditional mortgages due to irregular income or limited tax returns. Brea, located in Orange County, boasts a diverse population with a median household income above the national average. The city is known for its strong sense of community, excellent schools, and safe neighborhoods. Demographically, Brea attracts residents from various backgrounds seeking a high quality of life. In terms of the housing market, Brea offers a mix of housing options ranging from single-family homes to modern apartments. The real estate market in Brea has shown steady growth over the years, making it an attractive investment opportunity. With competitive interest rates and various loan programs available, potential homebuyers have a range of options to explore. Main attractions in Brea include the Brea Mall, a popular shopping destination, and the Brea Downtown area, which features charming shops and restaurants. Outdoor enthusiasts can enjoy the picturesque Carbon Canyon Regional Park, known for its hiking trails and serene surroundings.
Benefits of a 12-Month Bank Statement Loan in Brea, California
