Get Approved at The Lowest Rate
Traditional mortgage requirements in Killen, AL 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 Killen, AL 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 Killen, AL 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 Killen, AL, 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 Killen, AL without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Killen, AL 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 Killen, AL 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 Killen, AL, 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 Killen, AL to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Killen, AL? 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.
One of the primary benefits of a 12-month bank statement loan in Killen, Alabama is the flexibility it offers to self-employed individuals or those with non-traditional income sources. This loan type allows applicants to qualify based on their bank statements over the past year rather than traditional income verification. Demographically, Killen, Alabama is a charming town with a population of approximately 1,108 residents. The community boasts a blend of rural and suburban lifestyles, making it an attractive place to live for those seeking a close-knit community with access to larger cities like Florence and Huntsville. In terms of the housing market, Killen offers a range of housing options, from historic homes to newly constructed properties. The real estate market is stable, with a median home value of $160,000, making it an affordable option for first-time homebuyers or those looking to downsize. Main Attractions in Killen, Alabama While in Killen, visitors can explore the scenic Wilson Lake, renowned for its fishing and boating opportunities. Additionally, the town is home to the Killen Founders Day Festival, an annual event celebrating the town's history and culture through music, food, and entertainment.
Benefits of a 12-Month Bank Statement Loan in Killen, Alabama
