Get Approved at The Lowest Rate
Traditional mortgage requirements in Eastland, 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 Eastland, 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 Eastland, 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 Eastland, 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 Eastland, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Eastland, 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 Eastland, 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 Eastland, 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 Eastland, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Eastland, 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 Eastland, Texas can provide great benefits for self-employed individuals or those with non-traditional income sources. With this type of loan, applicants can qualify based on their bank statements rather than traditional income verification methods, offering flexibility and accessibility in the lending process. Demographically, Eastland, Texas, is a charming town with a population that thrives on its community spirit and small-town values. The town boasts a diverse population, including families, young professionals, and retirees, creating a rich tapestry of residents from different backgrounds. When it comes to the housing market in Eastland, Texas, there is a range of options available to buyers, from historic homes with character to modern developments. The market is relatively stable, offering competitive prices compared to larger cities while providing a great quality of life for residents. Some of the main attractions in Eastland include the beautiful Lake Leon, a popular spot for fishing and water sports enthusiasts. Additionally, the Old Rip Museum, showcasing the town's famous horned toad "Old Rip," is a must-visit for history buffs and curious visitors alike.
Benefits of a 12 Month Bank Statement Loan in Eastland, Texas
