Get Approved at The Lowest Rate
Traditional mortgage requirements in Evadale, 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 Evadale, 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 Evadale, 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 Evadale, 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 Evadale, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Evadale, 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 Evadale, 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 Evadale, 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 Evadale, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Evadale, 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.
1. Flexible Approval: A 12-month bank statement loan allows for greater flexibility in qualifying, as it considers bank statements instead of tax returns or traditional income verification methods. 2. Quick Processing: These loans often have a quicker approval process compared to traditional mortgages, making them ideal for self-employed individuals or those with non-standard income sources. 3. Overcoming Income Challenges: For borrowers with fluctuating income or multiple income sources, a bank statement loan can provide a solution to income verification challenges. Demographics of Evadale, Texas Evadale is a small rural community located in southeast Texas, with a population of approximately 1,500 residents. The majority of residents are families and retirees looking for a peaceful and close-knit community to call home. Housing Market in Evadale, Texas The housing market in Evadale offers a mix of single-family homes, ranch-style properties, and larger estates, catering to various preferences and budgets. The market is stable, with affordable housing options and a low cost of living compared to larger cities in Texas. Main Attractions in Evadale, Texas Evadale is known for its natural beauty, offering outdoor enthusiasts opportunities for fishing, hunting, and exploring the nearby Big Thicket National Preserve. The community also hosts local events and festivals that celebrate its rich heritage and culture.
Benefits of a 12 Month Bank Statement Loan
