Get Approved at The Lowest Rate
Traditional mortgage requirements in Higgins, 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 Higgins, 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 Higgins, 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 Higgins, 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 Higgins, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Higgins, 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 Higgins, 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 Higgins, 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 Higgins, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Higgins, 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.
1. Flexibility: A 12-month bank statement loan offers flexibility to self-employed individuals who may not have traditional income documentation. 2. Quick Approval: These loans typically have faster approval processes compared to traditional mortgage loans, making it ideal for those who need financing promptly. 3. Higher Approval Rate: Individuals with non-standard income sources or credit histories may find it easier to qualify for a 12-month bank statement loan. Demographics Higgins, Texas, has a population of approximately 422 residents. The town has a rural setting with a strong sense of community and a close-knit feel. Housing Market The housing market in Higgins offers affordable options, with a median home price significantly below the national average. Buyers can find a range of properties from historic homes to modern builds. Main Attractions One of the main attractions in Higgins is the historic Higgins Hotel, known for its charming architecture and rich history. The town also offers opportunities for outdoor activities such as fishing and hiking at nearby parks.
Benefits of a 12 Month Bank Statement Loan in Higgins, Texas
