Get Approved at The Lowest Rate
Traditional mortgage requirements in Hazel Green, 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.
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 Hazel Green, 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.
Use your bank statements (usually 12 to 24 months) to verify income in Hazel Green, AL 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 Hazel Green, AL, 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 Hazel Green, AL without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Hazel Green, AL 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 Hazel Green, AL 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 Hazel Green, AL, 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 Hazel Green, AL to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Hazel Green, 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.
Discover how Horizon Lending Services can make homeownership a reality with our Bank Statement Home Loan program.
A 12 month Bank Statement Loan in Hazel Green, Alabama provides an excellent opportunity for self-employed individuals or those with non-traditional income sources to secure financing for a home. These loans typically require fewer documents and are based on bank statements rather than tax returns, making them more accessible for many borrowers. Demographically, Hazel Green, Alabama is a peaceful rural community with a population of approximately 4,000 residents. The town has a family-friendly atmosphere and a strong sense of community, making it an ideal place for those seeking a quieter lifestyle away from the hustle and bustle of the city. In terms of housing market, Hazel Green offers a variety of housing options, from cozy single-family homes to spacious properties with acreage. The real estate market in the area is stable, with affordable prices and a range of properties to choose from, making it a great place to invest in a home. Main attractions in Hazel Green include the picturesque Sharon Johnston Park, known for its beautiful walking trails and picnic areas, as well as the Hazel Green Museum, which showcases the town's rich history and heritage. Additionally, residents can enjoy easy access to outdoor activities such as hiking, fishing, and camping in the surrounding natural areas.
Benefits of a 12 Month Bank Statement Loan in Hazel Green, Alabama
