Get Approved at The Lowest Rate
Traditional mortgage requirements in Fresno, 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 Fresno, 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 Fresno, 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 Fresno, 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 Fresno, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Fresno, 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 Fresno, 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 Fresno, 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 Fresno, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Fresno, 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 greater flexibility in qualifying for a mortgage compared to traditional loans that require W-2 forms. 2. Quick Approval: These loans generally have faster approval processes as they focus more on bank statements rather than tax returns or other lengthy documentation. 3. Higher Loan Amounts: Borrowers may be able to secure higher loan amounts through a bank statement loan, as it considers the actual cash flow in their bank accounts. Demographics Fresno, California, is a city with a diverse population. According to recent data, it has a mix of young professionals, families, and retirees, creating a vibrant community. Housing Market The housing market in Fresno offers a range of options from affordable starter homes to luxurious estates. Prices have been steadily increasing, making it a lucrative market for both buyers and sellers. Main Attractions Fresno is known for its cultural attractions such as the Forestiere Underground Gardens and the Fresno Chaffee Zoo. The city also boasts beautiful parks, shopping centers, and a thriving food scene.
Benefits of a 12 Month Bank Statement Loan in Fresno, California
