Get Approved at The Lowest Rate
Traditional mortgage requirements in Cerritos, 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 Cerritos, 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 Cerritos, 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 Cerritos, 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 Cerritos, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Cerritos, 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 Cerritos, 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 Cerritos, 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 Cerritos, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Cerritos, 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.
Loan Benefits: A 12-month bank statement loan in Cerritos, California offers flexibility for self-employed individuals who may not have traditional income documentation. This loan type allows applicants to qualify based on bank statements, providing an alternative to conventional mortgages. It can be a great option for those with fluctuating incomes or small business owners. Demographics: Cerritos is a diverse city in California with a population that includes a mix of Asian, Hispanic, White, and Black residents. The city has a strong sense of community and is known for its excellent school district, making it a desirable location for families looking to settle down. Housing Market: The housing market in Cerritos is competitive, with a median home value higher than the national average. However, the city offers a range of housing options, from single-family homes to townhouses and condos. The demand for housing remains strong, making it a solid investment for homebuyers. Main Attractions: Cerritos is home to the Cerritos Center for the Performing Arts, which hosts a variety of cultural events and performances. The city also boasts a beautiful regional park, shopping centers, and a vibrant dining scene. Its location near major freeways provides easy access to nearby attractions in Los Angeles and Long Beach.
Benefits of a 12-Month Bank Statement Loan in Cerritos, California
