Get Approved at The Lowest Rate
Traditional mortgage requirements in Burnet, TX 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 Burnet, TX 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 Burnet, TX 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 Burnet, TX, 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 Burnet, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Burnet, TX 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 Burnet, TX 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 Burnet, TX, 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 Burnet, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Burnet, TX? 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 Burnet, Texas can offer numerous advantages to individuals looking for flexible financing options. These loans are ideal for self-employed individuals or those with non-traditional income sources, as they allow applicants to use their bank statements as proof of income, eliminating the need for traditional pay stubs or tax returns. Demographically, Burnet, Texas, is a charming town located in the picturesque Hill Country region. The population is around 6,000 residents, with a median age of 41 years. The town has a diverse community, including families, young professionals, and retirees, creating a vibrant and welcoming atmosphere. The housing market in Burnet offers a mix of historic homes and new developments, providing options for various preferences and budgets. The median home price in Burnet is around $250,000, making it an affordable option compared to larger urban areas. With the growth of the town, property values are steadily appreciating, making it an attractive location for real estate investment. Some main attractions in Burnet include the picturesque Inks Lake State Park, offering outdoor activities such as hiking, boating, and fishing. The Highland Lakes Air Museum and the historic Fort Croghan Museum provide opportunities to explore the area's rich history and culture. Additionally, the Burnet Farmer's Market showcases local produce and artisan goods, reflecting the town's strong sense of community and support for local businesses.
Benefits of a 12 Month Bank Statement Loan in Burnet, Texas
