Get Approved at The Lowest Rate
Traditional mortgage requirements in Katy, 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 Katy, 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 Katy, 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 Katy, 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 Katy, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Katy, 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 Katy, 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 Katy, 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 Katy, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Katy, 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.
A 12-month Bank Statement loan in Katy, Texas offers flexibility and convenience to self-employed individuals or those with non-traditional income sources. Rather than relying on tax returns, this type of loan uses bank statements to verify income, making it easier for borrowers to qualify. The demographics of Katy, Texas, show a vibrant community with a median age of around 36 years. The city boasts a diverse population that values education, with a high percentage of residents holding college degrees, creating a strong and skilled workforce. In terms of the housing market, Katy, Texas, offers a mix of housing options, from modern apartments to spacious single-family homes. The market is competitive yet stable, with opportunities for both buyers and investors to find properties that suit their needs. Katy, Texas, is home to a variety of attractions, including the Katy Mills mall, LaCenterra at Cinco Ranch shopping center, and multiple parks and recreational facilities. The city's family-friendly environment and excellent school system make it a desirable place to live.
Benefits of 12 Month Bank Statement Loan in Katy, Texas
