Get Approved at The Lowest Rate
Traditional mortgage requirements in Gilroy, 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 Gilroy, 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 Gilroy, 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 Gilroy, 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 Gilroy, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Gilroy, 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 Gilroy, 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 Gilroy, 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 Gilroy, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Gilroy, 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.
Benefits: A 12-month Bank Statement Loan in Gilroy allows for easier access to financing for self-employed individuals or those with non-traditional income sources. This type of loan requires fewer documentations and focuses more on bank statements to assess eligibility, making it a quicker and more straightforward process. Demographics: Gilroy, California, boasts a population of approximately 58,000 residents. The city has a diverse community with a mix of cultures. The average age of residents is around 37 years old. The median household income is $92,667, providing a stable economic base for the community. Housing Market: Gilroy's housing market is vibrant with a median home price of $765,000. The market is competitive, with a steady increase in property values over the years. The city offers a range of housing options from single-family homes to apartments, catering to various preferences and budgets. Main Attractions: Gilroy is famously known as the "Garlic Capital of the World," hosting the annual Gilroy Garlic Festival, attracting visitors from around the globe. The city is also home to beautiful parks like Christmas Hill Park and vibrant shopping centers such as Gilroy Premium Outlets, offering a mix of leisure and retail experiences.
The Benefits of a 12 Month Bank Statement Loan in Gilroy, California
