Get Approved at The Lowest Rate
Traditional mortgage requirements in Krum, 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 Krum, 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 Krum, 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 Krum, 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 Krum, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Krum, 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 Krum, 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 Krum, 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 Krum, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Krum, 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.
One of the main benefits of a 12-month bank statement loan in Krum, Texas, is the flexibility it offers to self-employed individuals or those with non-traditional income sources. This type of loan considers your bank statements over the past year instead of traditional income documents, making it easier to qualify for a mortgage. Demographically, Krum, Texas, is a charming small town with a population of around 5,000 residents. The community is tight-knit, and the town has a suburban feel. The median age in Krum is 34 years old, making it an ideal place for young families looking to settle down. In terms of the housing market, Krum offers a range of options from cozy single-family homes to spacious ranch-style properties. The real estate market in Krum is competitive, with prices steadily increasing over the past few years. However, the town's affordability compared to larger cities makes it an attractive option for homebuyers. Some main attractions in Krum include the Krum Heritage Museum, which showcases the town's history, and the Krum Community Park, a popular spot for outdoor activities. Additionally, residents can enjoy the small-town atmosphere while still being within driving distance of the amenities of the Dallas-Fort Worth metroplex.
Benefits of a 12-Month Bank Statement Loan in Krum, Texas
