Get Approved at The Lowest Rate
Traditional mortgage requirements in Hidalgo, 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 Hidalgo, 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 Hidalgo, 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 Hidalgo, 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 Hidalgo, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Hidalgo, 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 Hidalgo, 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 Hidalgo, 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 Hidalgo, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Hidalgo, 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.
A 12-month bank statement loan in Hidalgo, Texas offers flexibility for 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, enabling more people to qualify for mortgages. Demographics in Hidalgo, Texas showcase a diverse community with a mix of cultures. The population includes a significant Hispanic and Latino presence, contributing to a rich local heritage and vibrant community spirit. Hidalgo is also home to a growing number of young professionals and families, attracted by the area's economic opportunities. The housing market in Hidalgo, Texas offers a range of options for prospective buyers. From cozy family homes to modern condominiums, there is something to suit every taste and budget. With the city's affordable housing prices compared to other parts of Texas, Hidalgo presents a promising real estate market for both investors and residents alike. Main Attractions in Hidalgo, Texas:
The Benefits of a 12-Month Bank Statement Loan in Hidalgo, Texas
