Get Approved at The Lowest Rate
Traditional mortgage requirements in Lake Jackson, 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 Lake Jackson, 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 Lake Jackson, 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 Lake Jackson, 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 Lake Jackson, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Lake Jackson, 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 Lake Jackson, 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 Lake Jackson, 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 Lake Jackson, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Lake Jackson, 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. Flexible Approval Criteria: A 12-month bank statement loan in Lake Jackson offers more flexibility in the approval process than traditional loans. Lenders consider the applicant's income based on bank statements instead of tax returns, making it easier for self-employed individuals or those with non-traditional income sources to qualify. 2. Quick Processing: These loans often have quicker processing times since they rely primarily on bank statements for income verification. This means a faster loan approval and funding process, which can be beneficial for those looking to secure financing promptly. 3. Higher Loan Amounts: With a 12-month bank statement loan, borrowers may qualify for higher loan amounts compared to conventional loans. This can be advantageous for individuals seeking to purchase higher-priced properties in the Lake Jackson area.
Benefits of a 12-Month Bank Statement Loan in Lake Jackson, Texas
