Get Approved at The Lowest Rate
Traditional mortgage requirements in Del Rey, 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 Rey, 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 Rey, 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 Rey, 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 Rey, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Del Rey, 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 Rey, 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 Rey, 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 Rey, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Del Rey, 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 Del Rey, California offers flexibility and convenience for self-employed individuals or those with non-traditional income sources. This loan type considers your bank statements rather than tax returns for income verification, making it easier to qualify for a mortgage. Demographics in Del Rey show a diverse community with a mix of young professionals and families. The town has a population that values community engagement and offers a range of educational opportunities for both children and adults. The housing market in Del Rey is stable with a mix of single-family homes and condominiums. The median home price is competitive compared to nearby areas in California, making it an attractive option for first-time homebuyers or those looking to invest in real estate. Main Attractions in Del Rey, California Del Rey is known for its beautiful beaches, scenic parks, and vibrant downtown area. Residents can enjoy outdoor activities such as hiking, biking, and surfing. The town also hosts annual festivals and events that bring the community together.
Benefits of a 12-Month Bank Statement Loan
