Get Approved at The Lowest Rate
Traditional mortgage requirements in Chico, 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 Chico, 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 Chico, 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 Chico, 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 Chico, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Chico, 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 Chico, 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 Chico, 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 Chico, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Chico, 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 key benefits of a 12-month bank statement loan in Chico, California is the flexibility it offers individuals who may not have traditional income documentation. This type of loan allows self-employed individuals or those with varied income sources to qualify based on their bank statements rather than W-2 forms. Demographically, Chico, California is a vibrant college town with a population of around 100,000 residents. Students from California State University, Chico, contribute to the city's dynamic and youthful energy. The median age in Chico is approximately 29 years old, making it a community with a relatively young population. In terms of the housing market, Chico, California has seen steady appreciation in home values over the past few years. With a median home price of around $400,000, Chico offers more affordable housing options compared to larger cities in California. The market is competitive, with homes selling quickly, making it an attractive location for both buyers and sellers. Chico, California, is known for its beautiful outdoor attractions, including Bidwell Park, one of the largest municipal parks in the nation. The park offers hiking trails, swimming holes, and picnicking areas, making it a popular destination for outdoor enthusiasts. Additionally, the city is home to Sierra Nevada Brewing Co., a renowned craft brewery that attracts visitors from near and far.
Benefits of a 12 Month Bank Statement Loan in Chico, California
