Get Approved at The Lowest Rate
Traditional mortgage requirements in Burlingame, 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 Burlingame, 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 Burlingame, 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 Burlingame, 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 Burlingame, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Burlingame, 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 Burlingame, 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 Burlingame, 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 Burlingame, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Burlingame, 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.
One of the primary benefits of a 12 Month Bank Statement Loan in Burlingame is the flexibility it offers to self-employed individuals or those with non-traditional income sources. This type of loan allows borrowers to qualify based on their bank statements rather than pay stubs or tax returns, making it easier for entrepreneurs and freelancers to secure financing for homes in the area. Burlingame, located in the San Francisco Bay Area, boasts a diverse population with a median household income higher than the national average. The city is known for its excellent public schools, making it an attractive option for families looking to settle down in a safe and prosperous community. The housing market in Burlingame is competitive, with a mix of historic homes and modern developments. The median home price is above the California average, reflecting the city's desirability and proximity to job opportunities in the tech industry. A 12 Month Bank Statement Loan can help prospective buyers navigate this market and secure financing for their dream home. When not searching for a new home, residents and visitors can enjoy Burlingame's charming downtown area, which is lined with shops, restaurants, and cafes. The city also offers easy access to outdoor attractions like hiking trails and parks, making it an ideal destination for those who enjoy an active lifestyle.
Benefits of a 12 Month Bank Statement Loan in Burlingame, California
