Get Approved at The Lowest Rate
Traditional mortgage requirements in Folsom, CA 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 Folsom, CA 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 Folsom, CA 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 Folsom, CA, 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 Folsom, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Folsom, CA 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 Folsom, CA 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 Folsom, CA, 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 Folsom, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Folsom, CA? 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.
Benefits: A 12 month Bank Statement Loan in Folsom, California offers flexibility to self-employed individuals who may not have traditional income documentation. These loans consider bank statements as proof of income, making it easier for freelancers, entrepreneurs, and small business owners to qualify for a mortgage. Additionally, the application process is typically faster compared to conventional loans, and borrowers with unique financial situations can still access competitive rates. Demographics: Folsom, California, is a vibrant city with a diverse population comprising professionals, families, and retirees. The city has a growing tech sector and a strong entrepreneurial community, attracting a range of residents seeking career opportunities and a high quality of life. With excellent schools and a variety of housing options, Folsom appeals to individuals from different age groups and backgrounds. Housing Market: The housing market in Folsom, California, is dynamic with a mix of single-family homes, townhouses, and apartments catering to different preferences and budgets. Home prices have been steadily increasing, reflecting the city's desirability and strong demand from buyers looking to settle in a safe and well-connected community. Furthermore, Folsom's real estate market offers investment opportunities for those interested in long-term growth potential. Main Attractions: Folsom is renowned for its historic district, beautiful parks, and outdoor recreational activities. The city is home to the famous Folsom Lake, a popular spot for boating, fishing, and picnicking, attracting visitors and locals alike. Moreover, Folsom Prison Museum and the Folsom Powerhouse State Historic Park are top attractions that showcase the city's rich history and cultural heritage.
Benefits of a 12 Month Bank Statement Loan in Folsom, California
