Get Approved at The Lowest Rate
Traditional mortgage requirements in Lakeview, 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 Lakeview, 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 Lakeview, 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 Lakeview, 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 Lakeview, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Lakeview, 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 Lakeview, 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 Lakeview, 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 Lakeview, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Lakeview, 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: With a 12 month bank statement loan, borrowers have a better chance of being approved even if they don't have a traditional W-2 income, making it ideal for self-employed individuals. 2. Less Documentation: Compared to traditional loans, a bank statement loan requires less paperwork, making the application process quicker and more straightforward. 3. Higher Loan Amounts: This type of loan may allow borrowers to qualify for higher loan amounts based on their bank statements, enabling them to secure the funding they need for a home purchase in Lakeview. Demographics of Lakeview, Texas Located in X County, Lakeview has a population of around X residents. The majority of the residents are families with children, and the median age is X years old. The town has a diverse community with a mix of ethnicities, including X, X, and X. Housing Market Information The housing market in Lakeview, Texas, is currently experiencing steady growth with an average home price of $X. The market is competitive, with properties selling quickly due to high demand. There is a good mix of housing options, including single-family homes, townhouses, and apartments. Main Attractions in Lakeview Visitors to Lakeview can enjoy the beautiful X Lake, where they can engage in various water activities such as fishing, boating, and swimming. The town also boasts a vibrant downtown area with charming shops, restaurants, and cultural venues. Additionally, the X Park offers hiking trails and picnic areas for outdoor enthusiasts.
Benefits of a 12 Month Bank Statement Loan in Lakeview, Texas
