Get Approved at The Lowest Rate
Traditional mortgage requirements in Coalinga, 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 Coalinga, 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 Coalinga, 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 Coalinga, 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 Coalinga, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Coalinga, 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 Coalinga, 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 Coalinga, 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 Coalinga, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Coalinga, 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.
Are you self-employed or have non-traditional income sources? A 12-month bank statement loan in Coalinga, California, could be the perfect solution for you. This type of loan allows you to use your bank statements to verify income instead of traditional methods, making it easier to qualify for a mortgage. Coalinga, located in Fresno County, has a diverse population with a mix of families, young professionals, and retirees. The cost of living is relatively affordable compared to other parts of California, making it an attractive option for those looking to purchase a home. The housing market in Coalinga offers a range of options, from historic homes with character to modern properties. With the median home price below the California average, this city presents a great opportunity for both first-time buyers and investors. While in Coalinga, be sure to visit the Coalinga Plaza, home to various shops and restaurants. Nature enthusiasts can explore the surrounding areas, including the Coalinga Mineral Springs and the nearby hiking trails. Additionally, the annual Horned Toad Derby draws visitors from near and far for a unique experience.
Exploring the Benefits of a 12-Month Bank Statement Loan in Coalinga, California
