Get Approved at The Lowest Rate
Traditional mortgage requirements in Irvine, 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 Irvine, 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 Irvine, 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 Irvine, 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 Irvine, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Irvine, 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 Irvine, 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 Irvine, 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 Irvine, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Irvine, 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.
A 12-month bank statement loan in Irvine, California offers numerous advantages to borrowers. One key benefit is the flexibility it provides to 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, bypassing the need for traditional income verification. Additionally, a bank statement loan typically has a quicker approval process compared to conventional loans. This can be particularly advantageous for individuals looking to secure financing promptly for a property purchase in Irvine, a competitive real estate market known for its high demand and quick turnover. Moreover, a 12-month bank statement loan may offer competitive interest rates and terms, making it an attractive option for borrowers seeking alternative financing solutions. This can enable prospective homeowners in Irvine to access the capital they need to purchase property in a desirable location with favorable lending conditions.
Benefits of 12 Month Bank Statement Loan in Irvine, California
