Get Approved at The Lowest Rate
Traditional mortgage requirements in Kennard, 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 Kennard, 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 Kennard, 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 Kennard, 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 Kennard, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Kennard, 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 Kennard, 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 Kennard, 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 Kennard, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Kennard, 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.
1. Flexibility: A 12-month bank statement loan in Kennard, Texas offers flexibility for self-employed individuals or those with non-traditional income sources, as it allows them to qualify based on bank statements rather than tax returns. 2. Quick Approval: These loans typically have a faster approval process compared to traditional mortgages, making them ideal for those needing quick financing for a property purchase in Kennard. 3. Higher Approval Rates: Since these loans consider bank statements, applicants with fluctuating income or variable cash flows have a better chance of approval compared to conventional loans that rely solely on tax documents. Demographics in Kennard, Texas Kennard is a small town located in Houston County, Texas, with a population of around 300 residents. The town has a close-knit community feel and a cost of living below the national average, making it an attractive place for families and retirees. Housing Market in Kennard, Texas The housing market in Kennard offers a mix of single-family homes and ranch-style properties. The median home value is affordable, making homeownership accessible to many. The market is stable with steady appreciation rates, making it a good investment opportunity. Main Attractions in Kennard, Texas While small, Kennard boasts natural beauty with proximity to national forests, offering outdoor activities like hiking, fishing, and camping. The town also has local shops, restaurants, and community events that showcase its charm and hospitality.
Benefits of a 12-Month Bank Statement Loan in Kennard, Texas
