Get Approved at The Lowest Rate
Traditional mortgage requirements in Ennis, 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 Ennis, 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 Ennis, 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 Ennis, 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 Ennis, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Ennis, 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 Ennis, 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 Ennis, 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 Ennis, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Ennis, 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 Ennis, Texas offers numerous advantages. This type of loan allows self-employed individuals or business owners to secure a mortgage based on their bank statements rather than traditional income documentation. It provides flexibility for those with variable income sources. Ennis, Texas, a city with a population of approximately 19,000, offers a welcoming environment with a diverse community. The demographics of the area include a mix of age groups, with a median age of 36 years. The city boasts a strong sense of community, making it an ideal place to settle down and raise a family. The housing market in Ennis, Texas, is thriving, with a range of options to suit different preferences and budgets. Whether you are looking for a historic home in the charming downtown area or a modern house in a suburban neighborhood, Ennis has something for everyone. The market is competitive, but with the right loan, securing your dream home is within reach. Ennis, Texas, is known for its vibrant cultural scene, annual events such as the National Polka Festival, and historical landmarks like the Ennis Railroad & Cultural Heritage Museum. Additionally, nature enthusiasts can enjoy outdoor activities at Lake Bardwell or explore the city's numerous parks and recreation areas.
Benefits of 12 Month Bank Statement Loan in Ennis, Texas
