Get Approved at The Lowest Rate
Traditional mortgage requirements in Colton, 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 Colton, 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 Colton, 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 Colton, 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 Colton, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Colton, 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 Colton, 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 Colton, 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 Colton, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Colton, 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.
A 12-month bank statement loan in Colton, California offers numerous benefits for individuals seeking financing options. One of the main advantages is the flexibility it provides for self-employed individuals or those with non-traditional income sources. This type of loan allows applicants to use their bank statements to demonstrate their income, making it easier to qualify for a mortgage. Colton, California, is a vibrant city with a diverse population. The city has a mix of urban and suburban areas, attracting residents from various backgrounds. With a population of around 55,000, Colton offers a friendly community atmosphere and a range of amenities, including parks, schools, and shopping centers. The housing market in Colton, California, is dynamic and offers a variety of options for potential buyers. The city has a mix of housing types, including single-family homes, townhouses, and apartments. The real estate market in Colton is affordable compared to neighboring areas, making it an attractive location for first-time homebuyers and investors. Colton, California, boasts several main attractions that make it a desirable place to live and visit. The city is home to beautiful parks, such as Colton Park and Fleming Park, where residents can enjoy outdoor activities. Additionally, Colton is located near popular attractions like the Auto Club Speedway and the San Bernardino National Forest, providing plenty of entertainment options for residents.
Benefits of a 12-Month Bank Statement Loan in Colton, California
