Get Approved at The Lowest Rate
Traditional mortgage requirements in Grand Prairie, 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 Grand Prairie, 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 Grand Prairie, 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 Grand Prairie, 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 Grand Prairie, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Grand Prairie, 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 Grand Prairie, 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 Grand Prairie, 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 Grand Prairie, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Grand Prairie, 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 Grand Prairie, Texas, one of the key benefits is the flexibility it offers to self-employed individuals or those with non-traditional income sources. This type of loan allows borrowers to use their bank statements as proof of income, making it easier to qualify for a mortgage. Grand Prairie, Texas, is a vibrant city with a diverse population. The demographics of Grand Prairie include a mix of families, young professionals, and retirees, creating a dynamic community. The city's strategic location between Dallas and Fort Worth makes it a desirable place to live for those seeking easy access to major urban centers. In terms of the housing market, Grand Prairie offers a range of options for homebuyers, from affordable starter homes to luxury properties. The real estate market in Grand Prairie has been experiencing steady growth, with property values increasing year over year. This makes investing in a home in Grand Prairie a smart financial move. Aside from its housing market, Grand Prairie is also known for its main attractions, such as the popular Joe Pool Lake, where residents and visitors can enjoy outdoor activities like fishing, boating, and picnicking. The city is also home to the epicenter of entertainment, the Verizon Theatre, which hosts concerts, performances, and events throughout the year.
Benefits of a 12 Month Bank Statement Loan in Grand Prairie, Texas
