Get Approved at The Lowest Rate
Traditional mortgage requirements in Garden Grove, 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 Garden Grove, 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 Garden Grove, 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 Garden Grove, 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 Garden Grove, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Garden Grove, 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 Garden Grove, 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 Garden Grove, 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 Garden Grove, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Garden Grove, 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.
One of the main benefits of a 12-month bank statement loan in Garden Grove, California, is the flexibility it offers for self-employed individuals or business owners who may not have traditional income documents. Demographics in Garden Grove, California, show a diverse community with a mix of cultures, including a significant Asian American population. The city has a thriving culinary scene with a wide range of international cuisines. In terms of the housing market, Garden Grove offers a mix of housing options, from single-family homes to condominiums. The market has been steady with a moderate increase in prices over the past few years, making it an attractive place to invest in property. Some main attractions in Garden Grove include the Historic Main Street, which features charming shops and restaurants, and the Crystal Cathedral, a famous landmark known for its stunning architecture. The city also hosts a popular Strawberry Festival annually, drawing visitors from around the region.
Benefits of 12-Month Bank Statement Loan
