Get Approved at The Lowest Rate
Traditional mortgage requirements in Calabasas, 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 Calabasas, 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 Calabasas, 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 Calabasas, 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 Calabasas, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Calabasas, 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 Calabasas, 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 Calabasas, 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 Calabasas, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Calabasas, 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.
1. Simplified Approval Process: Calabasas’ 12 month bank statement loan offers a simplified approval process, making it easier for self-employed individuals or those with non-traditional income sources to secure financing. 2. Flexibility in Income Verification: This loan type allows borrowers to use 12 months of bank statements to demonstrate income, providing flexibility and accommodating individuals with fluctuating incomes. 3. Competitive Rates and Terms: Despite the flexibility, these loans often come with competitive interest rates and terms, making them a viable option for those looking to purchase a home in Calabasas. Demographics In Calabasas, California, the population consists of approximately 24,300 residents with a median household income of $119,787. The city boasts a diverse community with a mix of professionals, families, and retirees. Housing Market The housing market in Calabasas is characterized by a blend of luxury estates, upscale suburban homes, and condominiums. The median home value in Calabasas is around $1.5 million, with steady appreciation rates making it an attractive investment. Main Attractions Calabasas is known for its picturesque landscapes, including hiking trails in the Santa Monica Mountains and the iconic Calabasas Commons for shopping and dining. The city also hosts events like the Calabasas Fine Arts Festival, providing cultural enrichment for residents and visitors.
Benefits of 12 Month Bank Statement Loan in Calabasas, California
