Get Approved at The Lowest Rate
Traditional mortgage requirements in Imperial, CA 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 Imperial, CA 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 Imperial, CA 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 Imperial, CA, 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 Imperial, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Imperial, CA 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 Imperial, CA 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 Imperial, CA, 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 Imperial, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Imperial, CA? 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.
One of the key benefits of a 12-month Bank statement loan in Imperial, California is the flexibility it offers to self-employed individuals. Unlike traditional loans that rely heavily on tax returns and W-2 forms, this type of loan allows applicants to use their bank statements as proof of income. Additionally, the approval process for a Bank statement loan is typically faster compared to conventional loans, making it an attractive option for those in need of quick financing. The loan terms are often customizable based on individual circumstances, providing borrowers with tailored solutions that suit their specific financial needs. Furthermore, the 12-month Bank statement loan can help individuals with less-than-perfect credit scores to secure financing for their home purchase in Imperial, California. By demonstrating a consistent income through bank statements, applicants can enhance their chances of loan approval and realize their homeownership dreams.
Benefits of a 12-Month Bank Statement Loan in Imperial, California
