Get Approved at The Lowest Rate
Traditional mortgage requirements in 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 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 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 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 Del Mar, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in 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 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 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 Del Mar, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in 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: A 12-month bank statement loan offers flexibility in income verification, making it ideal for self-employed individuals or those with non-traditional income sources. 2. Quick Processing: These loans typically have a faster approval process compared to traditional loans, allowing borrowers to access funds promptly. 3. Diverse Loan Options: Borrowers can choose from a range of loan products to suit their specific financial needs and goals. Demographics Del Mar, California, is a picturesque coastal town with a population that includes a mix of professionals, retirees, and families attracted to its relaxed beach lifestyle and upscale amenities. Housing Market The Del Mar housing market is known for its luxury properties, stunning ocean views, and a strong demand for beachfront homes, making it a competitive market with high property values. Main Attractions Del Mar is famous for its pristine beaches, Del Mar Fairgrounds, renowned horse racing track, upscale shopping, and dining options, creating a vibrant and diverse community for residents and visitors.
Benefits of a 12-Month Bank Statement Loan in Del Mar, California
