Get Approved at The Lowest Rate
Traditional mortgage requirements in Garland, 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 Garland, 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 Garland, 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 Garland, 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 Garland, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Garland, 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 Garland, 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 Garland, 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 Garland, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Garland, 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.
Receiving a 12-month bank statement loan in Garland, Texas provides self-employed individuals with an alternative financing option. These loans require minimal documentation, providing flexibility for those with variable income streams. Additionally, they can help borrowers qualify for higher loan amounts compared to traditional mortgages. Demographics: Garland, Texas, boasts a diverse population with a mix of cultures, making it a vibrant and inclusive community. The city has a strong job market, particularly in sectors like healthcare, technology, and manufacturing, attracting professionals and families seeking economic opportunities. Housing Market: The housing market in Garland, Texas, offers a variety of options from suburban single-family homes to modern apartments. The real estate market is competitive but generally more affordable than neighboring cities. Home values have been steadily increasing, making it a lucrative market for both buyers and sellers. Main Attractions: Garland, Texas, is home to a range of attractions, including the historic downtown area, Firewheel Town Center for shopping, and Lake Ray Hubbard for outdoor recreational activities. The city also hosts cultural events, festivals, and an array of dining options, catering to residents and visitors alike.
Benefits of a 12 Month Bank Statement Loan in Garland, Texas
