Get Approved at The Lowest Rate
Traditional mortgage requirements in Kaufman, 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 Kaufman, 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 Kaufman, 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 Kaufman, 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 Kaufman, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Kaufman, 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 Kaufman, 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 Kaufman, 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 Kaufman, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Kaufman, 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.
Obtaining a 12 month bank statement loan in Kaufman, Texas comes with numerous advantages. Firstly, this type of loan is ideal for self-employed individuals or those with non-traditional income sources as it allows for flexibility in proving income. Secondly, the simplified application process and reduced documentation requirements make it a convenient option. Lastly, borrowers can benefit from potentially lower interest rates compared to traditional bank loans. Kaufman, Texas, located in Kaufman County, has a diverse population with a median age of 35 years. The city offers a suburban feel and attracts young professionals and families. With a growing population, Kaufman presents opportunities for businesses and real estate investments. In terms of the housing market, Kaufman is experiencing steady growth, with an increase in new construction projects and housing developments. The median home value in Kaufman is competitive, making it an attractive location for first-time homebuyers. Additionally, the city's proximity to Dallas adds to its appeal for commuters looking for affordable housing options. Some of the main attractions in Kaufman include the Texas/Kaufman City Jail Museum, hosting historical artifacts, and the Kaufman Civic Center, a venue for various events and performances. Outdoor enthusiasts can enjoy parks like Kings Creek Park and Old Brickyard Park.
Benefits of a 12 Month Bank Statement Loan in Kaufman, Texas
