Get Approved at The Lowest Rate
Traditional mortgage requirements in Burbank, 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 Burbank, 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 Burbank, 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 Burbank, 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 Burbank, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Burbank, 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 Burbank, 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 Burbank, 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 Burbank, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Burbank, 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 Burbank, California offers flexibility to self-employed individuals who may not have traditional income documentation. This type of loan allows borrowers to use their bank statements as proof of income, providing an alternative to standard income verification requirements. Demographically, Burbank is a diverse city with a population that embraces a mix of cultures and backgrounds. With a strong economy driven by sectors like entertainment, technology, and healthcare, Burbank attracts a dynamic and talented workforce, making it an attractive location for businesses and individuals alike. In terms of the housing market, Burbank offers a mix of housing options ranging from historic homes to modern condos. The real estate market in Burbank has shown resilience and growth, making it a stable investment choice for homebuyers. The demand for housing in Burbank remains high due to its proximity to Los Angeles and its reputation as a desirable place to live. Burbank's main attractions include the famous Warner Bros. Studios, where visitors can enjoy studio tours and behind-the-scenes glimpses of Hollywood magic. Additionally, Burbank boasts beautiful parks, trendy shopping centers, and a vibrant dining scene, offering residents and visitors a wide array of entertainment options.
Benefits of a 12 Month Bank Statement Loan in Burbank, California
