Get Approved at The Lowest Rate
Traditional mortgage requirements in Friendswood, 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 Friendswood, 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 Friendswood, 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 Friendswood, 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 Friendswood, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Friendswood, 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 Friendswood, 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 Friendswood, 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 Friendswood, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Friendswood, 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.
A 12 month bank statement loan in Friendswood, Texas offers flexibility for self-employed individuals by considering their bank statements as proof of income. This can be beneficial for those with non-traditional income sources or varying monthly incomes. Demographic data shows that Friendswood, Texas, is a vibrant community with a population that values education and family life. The city boasts a strong sense of community and has a diverse population with a mix of professions and ages. The housing market in Friendswood offers a variety of options ranging from single-family homes to upscale properties. The market is competitive but stable, making it a suitable location for both first-time homebuyers and those looking to upgrade. Some main attractions in Friendswood include the Stevenson Park, a popular spot for outdoor activities, and the Friendswood Heritage Garden, showcasing the city's history. Additionally, the city is known for its excellent schools and proximity to major highways for easy commuting.
Benefits of a 12 Month Bank Statement Loan in Friendswood, Texas
