Get Approved at The Lowest Rate
Traditional mortgage requirements in Desoto, TX 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 Desoto, TX 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 Desoto, TX 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 Desoto, TX, 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 Desoto, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Desoto, TX 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 Desoto, TX 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 Desoto, TX, 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 Desoto, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Desoto, TX? 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.
Obtaining a 12-month bank statement loan in Desoto, Texas provides numerous advantages for self-employed individuals or those with non-traditional income sources. This type of loan offers flexibility in the underwriting process by considering bank statements rather than tax returns, making it easier to qualify for financing. Demographically, Desoto, Texas, is a diverse and growing community with a blend of young professionals and families. The city boasts a strong sense of community and a range of amenities, including top-rated schools, parks, and cultural attractions. Its proximity to Dallas makes it an attractive location for those seeking a suburban lifestyle with easy access to urban conveniences. In terms of the housing market, Desoto offers a range of housing options to suit different preferences and budgets. From spacious single-family homes to modern apartments, the city's real estate market caters to a variety of needs. With steady appreciation rates and a stable housing market, investing in property in Desoto can be a sound financial decision. Main attractions in Desoto include the beautiful Thorntree Country Club, the scenic Windmill Hill Nature Preserve, and the popular Desoto Town Center, offering shopping and dining experiences. The city's vibrant arts scene and community events make it a lively and engaging place to live.
Benefits of a 12-Month Bank Statement Loan in Desoto, Texas
