Get Approved at The Lowest Rate
Traditional mortgage requirements in Corona Del Mar, 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 Corona Del Mar, 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 Corona Del Mar, 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 Corona Del Mar, 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 Corona Del Mar, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Corona Del Mar, 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 Corona Del Mar, 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 Corona Del Mar, 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 Corona Del Mar, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Corona Del Mar, 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. Flexible Approval Process: A 12-month bank statement loan in Corona Del Mar, California, offers a flexible approval process that considers your bank statements instead of tax returns. This can be beneficial for self-employed individuals or those with non-traditional income sources. 2. Quick Processing Time: These loans often have quicker processing times compared to traditional loans, allowing you to secure funding faster for your real estate investments or property purchases in Corona Del Mar. 3. Higher Loan Amounts: With a 12-month bank statement loan, you may qualify for higher loan amounts based on your bank statements' income, enabling you to invest in higher-priced properties in this desirable coastal area. Demographics: Corona Del Mar, located in Southern California, is a affluent seaside neighborhood in the city of Newport Beach known for its picturesque beaches, upscale lifestyle, and attractive residential properties. Housing Market: The housing market in Corona Del Mar is competitive, with high demand for luxury homes and waterfront properties. The median home price is above the national average, reflecting the upscale nature of the area. Main Attractions: Corona Del Mar offers a variety of attractions, including the scenic Corona del Mar State Beach, the beautiful Crystal Cove State Park, Fashion Island for upscale shopping, and fine dining options along Pacific Coast Highway.
Benefits of 12-Month Bank Statement Loan
