Get Approved at The Lowest Rate
Traditional mortgage requirements in Desert Hot Springs, 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 Desert Hot Springs, 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 Desert Hot Springs, 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 Desert Hot Springs, 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 Desert Hot Springs, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Desert Hot Springs, 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 Desert Hot Springs, 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 Desert Hot Springs, 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 Desert Hot Springs, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Desert Hot Springs, 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.
When considering a 12-month bank statement loan in Desert Hot Springs, California, there are several benefits to keep in mind. These loans are ideal for self-employed individuals or those with non-traditional income sources, allowing for greater flexibility in the loan approval process. Demographically, Desert Hot Springs is a diverse city with a population of approximately 30,000 residents. The median age is 38, and the median household income is $35,500. The city attracts a mix of families, retirees, and tourists due to its affordable cost of living and proximity to Palm Springs. In terms of the housing market, Desert Hot Springs offers a range of options from affordable starter homes to luxurious desert estates. The median home price is $270,000, making it an attractive option for first-time buyers and investors alike. With steady appreciation rates, the housing market in Desert Hot Springs shows promise for future growth. As for main attractions, the city is known for its natural hot springs, spas, and stunning mountain views. Outdoor enthusiasts can enjoy hiking in nearby Joshua Tree National Park or golfing at one of the many golf courses in the area. Additionally, the city hosts various cultural events and festivals throughout the year, providing entertainment for residents and visitors alike.
Benefits of a 12 Month Bank Statement Loan in Desert Hot Springs, California
