Get Approved at The Lowest Rate
Traditional mortgage requirements in Houston, 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 Houston, 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 Houston, 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 Houston, 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 Houston, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Houston, 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 Houston, 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 Houston, 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 Houston, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Houston, 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 for borrowers who may not have traditional income documentation. It allows self-employed individuals or those with non-traditional income sources to qualify based on their bank statements. 2. Higher Approval Rates: These loans have higher approval rates compared to conventional loans, making them a viable option for individuals with fluctuating income or those who cannot provide tax returns or pay stubs. 3. Quick Approval Process: With a streamlined documentation process, 12-month bank statement loans have quicker approval times, which can be beneficial for individuals looking to secure funding promptly. Demographics Houston, Texas, is a diverse city known for its multicultural environment. The city has a large Hispanic population, followed by African American and Asian communities. Houston is also home to a growing number of young professionals attracted by the city's job opportunities and vibrant culture. Housing Market The housing market in Houston offers a variety of options ranging from affordable single-family homes to luxury apartments. The city has experienced steady growth in real estate prices, making it an attractive market for both investors and homebuyers. With low-interest rates and a booming economy, Houston's housing market remains competitive. Main Attractions Some of Houston's main attractions include Space Center Houston, home to NASA's Johnson Space Center, the Museum District with world-class museums, and the vibrant restaurant scene in areas like Montrose and The Heights. The city also boasts beautiful parks, cultural events, and a lively music and arts scene.
Benefits of 12-Month Bank Statement Loan in Houston, Texas
