Get Approved at The Lowest Rate
Traditional mortgage requirements in Dana Point, 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 Dana Point, 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 Dana Point, 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 Dana Point, 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 Dana Point, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Dana Point, 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 Dana Point, 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 Dana Point, 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 Dana Point, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Dana Point, 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 Dana Point, California offers self-employed individuals the opportunity to secure financing based on their bank statements rather than tax returns. This can be advantageous for those with fluctuating income. Demographics: Dana Point, California is a coastal city with a population that mainly consists of professionals and families. The community is known for its high quality of life, excellent schools, and thriving small businesses. Housing Market: The housing market in Dana Point is competitive, with a mix of luxury homes, beachfront properties, and family-friendly neighborhoods. The median home price is above the national average but offers a great investment opportunity. Main Attractions: Dana Point is famous for its beautiful beaches, marinas, and outdoor recreational activities. Visitors and residents alike enjoy whale watching, surfing, and exploring the local shops and restaurants along the coast.
Benefits of a 12 Month Bank Statement Loan
