Get Approved at The Lowest Rate
Traditional mortgage requirements in Cotati, 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 Cotati, 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 Cotati, 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 Cotati, 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 Cotati, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Cotati, 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 Cotati, 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 Cotati, 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 Cotati, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Cotati, 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 main benefits of a 12-month bank statement loan in Cotati, California is the flexibility it offers for self-employed individuals or those with non-traditional income sources. This type of loan allows borrowers to use their bank statements as proof of income, making it easier to qualify for a mortgage. Cotati, California, is a charming city located in Sonoma County. With a population of around 7,500 residents, Cotati offers a close-knit community feel. The city is known for its vibrant arts scene, local farmers' markets, and annual events like the Cotati Jazz Festival. In terms of the housing market, Cotati is experiencing steady growth. The real estate market offers a mix of housing options, including single-family homes, townhouses, and apartments. The median home price in Cotati is around $600,000, making it an attractive location for first-time homebuyers and families looking to settle down.
Benefits of a 12 Month Bank Statement Loan in Cotati, California
