Get Approved at The Lowest Rate
Traditional mortgage requirements in Lakehead, 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 Lakehead, 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 Lakehead, 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 Lakehead, 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 Lakehead, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Lakehead, 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 Lakehead, 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 Lakehead, 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 Lakehead, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Lakehead, 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.
A 12 month Bank statement loan in Lakehead, California offers flexibility and convenience to self-employed individuals or those with non-traditional income sources. It allows for easier approval based on bank statements rather than tax returns, making it an ideal option for those who may not have a steady income history. Demographics: Lakehead, California, located in Shasta County, has a population of approximately 549 residents. The median age in Lakehead is 55 years, with a higher percentage of retirees and individuals seeking a peaceful, small-town lifestyle. Housing Market: The housing market in Lakehead offers a mix of affordable options, with the median home price around $250,000. The market is stable, making it a great place for first-time homebuyers or those looking to invest in a rural community with access to outdoor activities. Main Attractions: Lakehead is known for its proximity to Shasta Lake, offering opportunities for boating, fishing, and other water activities. The area also boasts scenic hiking trails, such as the popular Lake Shasta Caverns, attracting nature enthusiasts and outdoor adventurers.
Benefits of a 12 Month Bank Statement Loan in Lakehead, California
