Get Approved at The Lowest Rate
Traditional mortgage requirements in Indio, 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 Indio, 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 Indio, 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 Indio, 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 Indio, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Indio, 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 Indio, 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 Indio, 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 Indio, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Indio, 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.
1. Flexibility: With a 12-month bank statement loan, self-employed individuals in Indio, California can access mortgage financing without traditional income verification requirements. This loan type allows borrowers to use their bank statements to demonstrate their income, providing more flexibility in the loan approval process. 2. Simplified Process: Unlike conventional loans, a 12-month bank statement loan streamlines the approval process by focusing on bank statements rather than tax returns or pay stubs. This can lead to faster approvals and funding, making it an attractive option for self-employed individuals or those with non-traditional income sources. 3. Competitive Rates: Despite catering to borrowers with unique financial situations, 12-month bank statement loans in Indio, California often come with competitive interest rates. This can result in cost savings over the life of the loan compared to other non-traditional financing options.
Benefits of a 12-Month Bank Statement Loan in Indio, California
