Get Approved at The Lowest Rate
Traditional mortgage requirements in Glen Rose, 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 Glen Rose, 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 Glen Rose, 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 Glen Rose, 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 Glen Rose, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Glen Rose, 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 Glen Rose, 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 Glen Rose, 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 Glen Rose, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Glen Rose, 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.
When considering a 12 Month Bank Statement Loan in Glen Rose, Texas, borrowers can benefit from easier approval processes compared to traditional loans. These loans offer greater flexibility for self-employed individuals who may not have conventional income documentation. Glen Rose, Texas, with a population of approximately 3,000 people, boasts a diverse demographic mix. The town is characterized by its tight-knit community, with a median household income of $52,000. The majority of residents are homeowners, contributing to a stable housing market. The housing market in Glen Rose, Texas, is currently thriving, with a median home value of $175,000. The market offers a range of options from historic homes to new developments, catering to various tastes and budgets. With the availability of 12 Month Bank Statement Loans, potential homebuyers have more opportunities to secure their dream home. Glen Rose, Texas, is renowned for its natural beauty and outdoor attractions. Visitors can explore the Dinosaur Valley State Park, enjoy hiking along the Paluxy River, or witness the stunning natural rock formations at the Glen Rose State Park. The town also offers cultural experiences such as the acclaimed Somervell County Museum.
Benefits of a 12 Month Bank Statement Loan in Glen Rose, Texas
