Get Approved at The Lowest Rate
Traditional mortgage requirements in Garrison, 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 Garrison, 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 Garrison, 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 Garrison, 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 Garrison, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Garrison, 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 Garrison, 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 Garrison, 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 Garrison, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Garrison, 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.
1. Flexibility in Documentation: A 12-month bank statement loan offers self-employed individuals or those with non-traditional income the opportunity to secure a mortgage without the need for extensive documentation like tax returns. 2. Faster Approval Process: With less paperwork required, these loans tend to have quicker approval times, allowing borrowers to expedite the home buying process in Garrison, Texas. 3. Higher Approval Rates: Since these loans consider bank statements as proof of income, individuals who might not qualify for traditional mortgages can still be approved based on their cash flow. Demographics Garrison, Texas, is a small town with a population that primarily consists of families and retirees. The community has a friendly and welcoming atmosphere, making it an ideal place for those seeking a peaceful living environment. Housing Market The housing market in Garrison offers a mix of single-family homes and ranch-style properties. The prices are relatively affordable compared to larger cities, making it a great option for first-time homebuyers or those looking to downsize. Main Attractions Garrison is known for its scenic beauty, with parks and nature trails that attract outdoor enthusiasts. The town also has a rich history, with museums and historical sites to explore, providing residents with a variety of cultural experiences.
Benefits of a 12-Month Bank Statement Loan in Garrison, Texas
