Get Approved at The Lowest Rate
Traditional mortgage requirements in Fabens, 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 Fabens, 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 Fabens, 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 Fabens, 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 Fabens, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Fabens, 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 Fabens, 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 Fabens, 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 Fabens, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Fabens, 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.
A 12 Month Bank Statement Loan in Fabens, Texas offers flexibility and convenience to self-employed individuals or those with non-traditional income sources. Unlike traditional loans that require extensive documentation, this type of loan allows applicants to use bank statements as proof of income. Demographics in Fabens, Texas show a diverse community with a mix of cultures, including Hispanic, Native American, and White populations. The town has a population of around 8,000 residents, with a median household income of approximately $30,000. The cost of living is relatively low compared to national averages. The housing market in Fabens, Texas is favorable for buyers, with an average home price of $100,000. The market offers a variety of housing types, from single-family homes to ranch-style properties. Additionally, with a 12 Month Bank Statement Loan, potential homeowners can access financing options that suit their unique financial situations. Main attractions in Fabens, Texas include the Cattleman's Steakhouse, known for its delicious steaks and unique dining experience. The town also boasts the Rio Bosque Wetlands Park, a nature reserve perfect for outdoor enthusiasts. With a rich cultural heritage and friendly community, Fabens offers a welcoming environment for residents and visitors alike.
Benefits of a Fabens, Texas 12 Month Bank Statement Loan
