Achieve Homeownership with Flexible Income Verification in Goshen, AL

Traditional mortgage requirements in Goshen, AL 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.

What is a Bank Statement Home Loan in Goshen, AL?

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 Goshen, AL 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.

Credit Score Requirements in Goshen, AL

Key Features of Our Bank Statement Home Loan in Goshen, AL

1. Flexible Income Verification

Use your bank statements (usually 12 to 24 months) to verify income in Goshen, AL instead of traditional documents like tax returns. This flexibility accommodates various income types, including irregular or seasonal earnings.

2. Competitive Loan Amounts

Secure financing for a wide range of loan amounts in Goshen, AL, making it easier to purchase your dream home or refinance your existing mortgage.

3. Reasonable Down Payments

Enjoy the benefits of competitive down payment options, ensuring you can invest in your home in Goshen, AL without excessive upfront costs.

4. No Private Mortgage Insurance (PMI)

Unlike some conventional loans, our Bank Statement Home Loan in Goshen, AL may not require PMI, potentially reducing your monthly payments.

5. Personalized Loan Terms

Benefit from customized loan terms that suit your financial situation and long-term homeownership goals.

Eligibility Requirements

To qualify for a Bank Statement Home Loan, you need to meet the following criteria:

1

Self-Employed or Non-Traditional Income

Ideal for individuals with self-employment income or other non-traditional income sources.

2

Bank Statements

Provide 12 to 24 months of personal or business bank statements in Goshen, AL to verify income.

3

Credit Score

A good credit score is typically required, with specific minimums varying based on the loan amount and other factors.

4

Down Payment

Ability to make a competitive down payment in Goshen, AL, typically ranging from 10% to 20% of the purchase price.

Why Choose Horizon Lending Services?

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 Goshen, AL to ensure you achieve your homeownership dreams.

Non-traditional Income Loan in Goshen, AL
Start Your Homeownership Journey Today

Ready to explore the benefits of a Bank Statement Home Loan in Goshen, AL? 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.

Get in Touch

Discover how Horizon Lending Services can make homeownership a reality with our Bank Statement Home Loan program.

Benefits of 12 Month Bank Statement Loan in Goshen, Alabama

One of the main benefits of a 12-month bank statement loan in Goshen, Alabama is the flexibility it offers to self-employed individuals or those with non-traditional income sources. This type of loan allows applicants to use their bank statements as proof of income, providing an alternative to standard income verification.

Demographics in Goshen, Alabama show a close-knit community with a population of around 3000 residents. The town has a rich history and is known for its friendly atmosphere and welcoming spirit. With a diverse population, Goshen offers a unique blend of cultures and traditions.

The housing market in Goshen, Alabama is stable, with a range of affordable options for potential homebuyers. The town offers a mix of single-family homes, townhouses, and apartments, catering to different preferences and budgets. The real estate market in Goshen presents opportunities for both buyers and sellers alike.

Main attractions in Goshen, Alabama include the picturesque Pike County Lake, popular for fishing and boating activities. The town also boasts charming local shops, restaurants, and parks that provide residents and visitors with opportunities for relaxation and leisure. Goshen is a hidden gem that offers a peaceful and serene environment.

Send a Email

Fill our the form or shoot us a email at

sharon@horizonlendingservices.com
Give Us A Call

If you have any questions or you prefer to speak via the telephone.

972-347-9224
Book Your Appointment
Book now