Achieve Homeownership with Flexible Income Verification in Daviston, AL

Traditional mortgage requirements in Daviston, AL 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.

What is a Bank Statement Home Loan in Daviston, AL?

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 Daviston, AL 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.

Credit Score Requirements in Daviston, AL

Key Features of Our Bank Statement Home Loan in Daviston, AL

1. Flexible Income Verification

Use your bank statements (usually 12 to 24 months) to verify income in Daviston, AL instead of traditional documents like tax returns. This flexibility accommodates various income types, including irregular or seasonal earnings.

2. Competitive Loan Amounts

Secure financing for a wide range of loan amounts in Daviston, AL, making it easier to purchase your dream home or refinance your existing mortgage.

3. Reasonable Down Payments

Enjoy the benefits of competitive down payment options, ensuring you can invest in your home in Daviston, AL without excessive upfront costs.

4. No Private Mortgage Insurance (PMI)

Unlike some conventional loans, our Bank Statement Home Loan in Daviston, AL may not require PMI, potentially reducing your monthly payments.

5. Personalized Loan Terms

Benefit from customized loan terms that suit your financial situation and long-term homeownership goals.

Eligibility Requirements

To qualify for a Bank Statement Home Loan, you need to meet the following criteria:

1

Self-Employed or Non-Traditional Income

Ideal for individuals with self-employment income or other non-traditional income sources.

2

Bank Statements

Provide 12 to 24 months of personal or business bank statements in Daviston, AL to verify income.

3

Credit Score

A good credit score is typically required, with specific minimums varying based on the loan amount and other factors.

4

Down Payment

Ability to make a competitive down payment in Daviston, AL, typically ranging from 10% to 20% of the purchase price.

Why Choose Horizon Lending Services?

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 Daviston, AL to ensure you achieve your homeownership dreams.

Non-traditional Income Loan in Daviston, AL
Start Your Homeownership Journey Today

Ready to explore the benefits of a Bank Statement Home Loan in Daviston, AL? 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.

Get in Touch

Discover how Horizon Lending Services can make homeownership a reality with our Bank Statement Home Loan program.

Benefits of a 12-Month Bank Statement Loan in Daviston, Alabama

Benefits

A 12-month bank statement loan in Daviston, Alabama offers flexibility for self-employed individuals who may not have traditional income documentation.

It provides an alternative to traditional mortgages, allowing borrowers to qualify based on their bank statements rather than tax returns.

This type of loan can streamline the application process and potentially lead to quicker approval for those who qualify.

Demographics

Daviston, Alabama, is a small town with a population of approximately 230 residents.

The town has a close-knit community feel and is ideal for those seeking a peaceful and tight-knit living environment.

Residents of Daviston tend to be conservative, and the town offers a slower pace of life compared to larger cities.

Housing Market

The housing market in Daviston, Alabama, is characterized by affordable single-family homes and rural properties.

Home prices in Daviston are generally lower than the state average, making it an attractive option for first-time homebuyers and those looking to downsize.

Availability of 12-month bank statement loans can make it easier for residents to secure financing for their dream homes in Daviston.

Main Attractions

Some of the main attractions in Daviston include the Talladega National Forest, offering opportunities for outdoor recreation such as hiking, camping, and fishing.

The town is also located near Lake Martin, known for its scenic beauty and water activities.

Daviston's proximity to nature and its peaceful surroundings make it a desirable location for those looking to enjoy a relaxed lifestyle.

Send a Email

Fill our the form or shoot us a email at

sharon@horizonlendingservices.com
Give Us A Call

If you have any questions or you prefer to speak via the telephone.

972-347-9224
Book Your Appointment
Book now