Achieve Homeownership with Flexible Income Verification in Durham, CA

Traditional mortgage requirements in Durham, 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.

What is a Bank Statement Home Loan in Durham, CA?

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 Durham, 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.

Credit Score Requirements in Durham, CA

Key Features of Our Bank Statement Home Loan in Durham, CA

1. Flexible Income Verification

Use your bank statements (usually 12 to 24 months) to verify income in Durham, CA instead of traditional documents like tax returns. This flexibility accommodates various income types, including irregular or seasonal earnings.

2. Competitive Loan Amounts

Secure financing for a wide range of loan amounts in Durham, CA, making it easier to purchase your dream home or refinance your existing mortgage.

3. Reasonable Down Payments

Enjoy the benefits of competitive down payment options, ensuring you can invest in your home in Durham, CA without excessive upfront costs.

4. No Private Mortgage Insurance (PMI)

Unlike some conventional loans, our Bank Statement Home Loan in Durham, CA may not require PMI, potentially reducing your monthly payments.

5. Personalized Loan Terms

Benefit from customized loan terms that suit your financial situation and long-term homeownership goals.

Eligibility Requirements

To qualify for a Bank Statement Home Loan, you need to meet the following criteria:

1

Self-Employed or Non-Traditional Income

Ideal for individuals with self-employment income or other non-traditional income sources.

2

Bank Statements

Provide 12 to 24 months of personal or business bank statements in Durham, CA to verify income.

3

Credit Score

A good credit score is typically required, with specific minimums varying based on the loan amount and other factors.

4

Down Payment

Ability to make a competitive down payment in Durham, CA, typically ranging from 10% to 20% of the purchase price.

Why Choose Horizon Lending Services?

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 Durham, CA to ensure you achieve your homeownership dreams.

Non-traditional Income Loan in Durham, CA
Start Your Homeownership Journey Today

Ready to explore the benefits of a Bank Statement Home Loan in Durham, 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.

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Discover how Horizon Lending Services can make homeownership a reality with our Bank Statement Home Loan program.

Benefits of a 12 Month Bank Statement Loan in Durham, California

One of the key benefits of a 12-month bank statement loan in Durham, California, is its flexibility for self-employed individuals or those with non-traditional income streams. This type of loan allows borrowers to use their bank statements as proof of income, enabling them to qualify for a mortgage without having to provide traditional income documentation.

Demographically, Durham, California, is a charming rural town with a population of approximately 2,700 residents. The community is known for its friendly atmosphere and close-knit feel. The town has a mix of residents from various age groups, with a strong sense of community and pride in its local heritage.

In terms of the housing market, Durham offers a diverse range of properties, including single-family homes, ranch-style houses, and plots of land for those looking to build their dream home. The market is stable, with steady appreciation rates making it an attractive option for both homebuyers and investors.

Some of the main attractions in Durham include the Durham House Inn, a historic bed and breakfast known for its hospitality and charm. The town is also home to the Durham Community Park, offering recreational activities for residents of all ages. Additionally, Durham is located near the vibrant city of Chico, providing access to even more amenities and entertainment options.

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