Get Approved at The Lowest Rate
Traditional mortgage requirements in Butler, AL 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 Butler, AL 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 Butler, AL 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 Butler, AL, 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 Butler, AL without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Butler, AL 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 Butler, AL 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 Butler, AL, 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 Butler, AL to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Butler, AL? 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.
Benefits: A 12-month bank statement loan in Butler, Alabama offers self-employed individuals and small business owners an alternative to traditional mortgage loans. It allows applicants to use their bank statements as proof of income, making it easier to qualify for a loan without needing to provide tax returns or extensive financial documentation. Demographics: Butler, Alabama, is a small town with a population of around 1,980 residents. The community is tight-knit, with a mix of young families and retirees. The town has a rural charm and a low cost of living, making it an attractive place for those looking to escape the hustle and bustle of city life. Housing Market: The housing market in Butler, Alabama, is favorable for buyers, with a variety of affordable single-family homes and some new developments. The median home price is around $120,000, making it an appealing option for first-time homebuyers and those looking to invest in real estate. Main Attractions: Butler offers a peaceful setting with access to outdoor activities such as fishing, hiking, and camping at Choctaw National Wildlife Refuge. The town also has a rich history, with sites like the Pioneer Museum and historic downtown area that attract visitors interested in the area's heritage.
Benefits of 12 Month Bank Statement Loan in Butler, Alabama
