Get Approved at The Lowest Rate
Traditional mortgage requirements in Daly City, 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 Daly City, 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 Daly City, 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 Daly City, 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 Daly City, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Daly City, 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 Daly City, 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 Daly City, 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 Daly City, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Daly City, 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. Flexibility: A 12 month bank statement loan offers flexibility in terms of income verification, making it ideal for self-employed individuals or those with non-traditional income sources. 2. Quick Approval Process: These loans typically have a faster approval process compared to traditional mortgages, allowing you to secure financing for your home purchase in a shorter timeframe. 3. Competitive Rates: Despite the streamlined process, 12 month bank statement loans often come with competitive interest rates, providing a cost-effective financing option for homebuyers. Demographics: Daly City, California, is a diverse city with a large Asian population, particularly Filipino residents. The city offers a vibrant cultural scene and a strong sense of community. Housing Market: Daly City's housing market is competitive, with a mix of single-family homes, townhouses, and condos. Prices have been steadily increasing, making it a seller's market, although there are opportunities for buyers as well. Main Attractions: Daly City is home to the scenic Thornton Beach State Park, the classic Cow Palace arena, and the popular Westlake Shopping Center, offering residents a range of recreational and entertainment options.
Benefits of a 12 Month Bank Statement Loan in Daly City, California
