Get Approved at The Lowest Rate
Traditional mortgage requirements in La Crescenta, CA 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 La Crescenta, CA 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 La Crescenta, CA 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 La Crescenta, CA, 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 La Crescenta, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in La Crescenta, CA 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 La Crescenta, CA 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 La Crescenta, CA, 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 La Crescenta, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in La Crescenta, CA? 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.
When considering a 12-month bank statement loan in La Crescenta, California, there are several key benefits. This type of loan is ideal for self-employed individuals who may not have traditional income documentation. It offers flexibility by considering bank statements as proof of income, enabling more people to qualify for a loan. Demographically, La Crescenta is a diverse community located in Los Angeles County. With a population of approximately 20,000 residents, the area is known for its highly rated schools and family-friendly atmosphere. The median household income is above the national average, making it an attractive place to live and work. In terms of the housing market, La Crescenta offers a range of options from single-family homes to condominiums. The market has seen steady growth in recent years, with property values increasing. The area is known for its desirable neighborhoods, low crime rates, and access to outdoor recreational areas. Some of the main attractions in La Crescenta include Crescenta Valley Park, which offers hiking trails and picnic areas, and the Montrose Shopping Park with its boutique shops and restaurants. The nearby Angeles National Forest provides opportunities for outdoor activities such as hiking, camping, and fishing.
Benefits of a 12 Month Bank Statement Loan in La Crescenta, California
