Get Approved at The Lowest Rate
Traditional mortgage requirements in Dumas, 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 Dumas, 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 Dumas, 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 Dumas, 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 Dumas, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Dumas, 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 Dumas, 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 Dumas, 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 Dumas, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Dumas, 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.
Gain flexibility with a 12-month bank statement loan in Dumas, Texas. This type of loan is ideal for self-employed individuals or business owners who may not have traditional income documentation. Demographics: Dumas, Texas, with its population of approximately 15,000 is a diverse community. The average age of residents is 34 years old, with a mix of families, young professionals, and retirees creating a dynamic environment. Housing Market: Dumas offers a range of housing options from affordable starter homes to spacious properties. The market is stable with a median home price of $150,000, making it an attractive location for first-time buyers or those looking to invest in real estate. Main Attractions: Explore the beauty of the Lake Meredith National Recreation Area, enjoy the vibrant local dining scene, or attend events at the Moore County Historical Museum. Dumas offers a blend of outdoor activities, cultural experiences, and community events for residents and visitors alike.
Benefits of a 12 Month Bank Statement Loan in Dumas, Texas
