Get Approved at The Lowest Rate
Traditional mortgage requirements in Ferris, 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 Ferris, 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 Ferris, 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 Ferris, 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 Ferris, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Ferris, 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 Ferris, 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 Ferris, 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 Ferris, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Ferris, 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.
One of the primary benefits of opting for a 12-month bank statement loan in Ferris, Texas, is the flexibility it offers to self-employed individuals or those with non-traditional income sources. Such loans allow borrowers to use their bank statements to demonstrate consistent income over the past year, making it easier to qualify for a mortgage. Demographically, Ferris is a diverse and growing community located in Ellis County, Texas. The town has a mix of young families, professionals, and retirees, creating a vibrant and inclusive atmosphere. With its proximity to major urban centers like Dallas and Fort Worth, Ferris offers residents the perfect balance between small-town charm and big-city amenities. When it comes to the housing market in Ferris, Texas, the town is experiencing a steady increase in property values and demand. The real estate market offers a variety of housing options, from historic homes with southern charm to modern developments with state-of-the-art amenities. Whether you are looking for a cozy single-family home or a spacious estate, Ferris has something for everyone. Some of the main attractions in Ferris include the Harrington Park, a popular recreational spot for families, and the Ellis County Museum, which showcases the town's rich history. Additionally, residents can enjoy dining at local eateries offering delicious southern cuisine and shopping at boutique stores downtown.
Benefits of a 12-Month Bank Statement Loan in Ferris, Texas
