Get Approved at The Lowest Rate
Traditional mortgage requirements in Fowler, 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 Fowler, 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 Fowler, 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 Fowler, 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 Fowler, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Fowler, 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 Fowler, 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 Fowler, 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 Fowler, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Fowler, 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.
1. Flexibility: A 12-month bank statement loan offers self-employed individuals the ability to qualify for a mortgage based on their bank statements rather than traditional income verification methods. 2. Easier Approval Process: This type of loan provides a simpler approval process for those with non-traditional income sources or irregular cash flow. It can be particularly beneficial for freelancers, contractors, and small business owners. 3. Quick Funding: With reduced documentation requirements, borrowers can often secure funding more quickly, allowing them to take advantage of opportunities in the housing market. Demographics in Fowler, California Located in Fresno County, Fowler has a population of approximately 6,000 residents. The majority of the population is made up of working professionals and families, with a growing number of young professionals attracted to the area. Housing Market in Fowler, California The housing market in Fowler offers a mix of historic homes and new developments. The median home price is competitive, making it an attractive option for first-time homebuyers and those looking to invest in real estate. Main Attractions in Fowler, California Some of the main attractions in Fowler include the Fowler Public Library, Fowler City Park, and the Fowler Packing Company Historical Museum. The city also hosts various community events and festivals throughout the year, showcasing its vibrant community spirit.
Benefits of a 12 Month Bank Statement Loan in Fowler, California
