Get Approved at The Lowest Rate
Traditional mortgage requirements in Fannin, 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 Fannin, 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 Fannin, 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 Fannin, 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 Fannin, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Fannin, 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 Fannin, 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 Fannin, 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 Fannin, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Fannin, 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.
Bank statement loans offer flexibility for self-employed individuals or those with non-traditional income sources. In Fannin, Texas, these loans can be advantageous as they provide an opportunity for borrowers to qualify based on their bank statements instead of tax returns, making it easier for small business owners or freelancers to secure financing. Demographics: Fannin, Texas, is a charming rural town with a population of approximately 1,000 residents. The community is known for its friendly atmosphere and strong sense of community. Housing Market: The housing market in Fannin offers a mix of historic properties and new developments. With a median home price below the national average, it presents affordable housing options for first-time buyers or those looking to invest in real estate. Main Attractions: Fannin is surrounded by picturesque natural landscapes, including parks and lakes that offer opportunities for outdoor activities such as hiking, fishing, and camping. The town also boasts a vibrant local culture with unique shops, restaurants, and annual festivals that celebrate its rich history.
Benefits of a 12-Month Bank Statement Loan in Fannin, Texas
