Get Approved at The Lowest Rate
Traditional mortgage requirements in Leesburg, 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 Leesburg, 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 Leesburg, 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 Leesburg, 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 Leesburg, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Leesburg, 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 Leesburg, 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 Leesburg, 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 Leesburg, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Leesburg, 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: A 12-month bank statement loan in Leesburg, Texas offers flexibility in approval criteria, making it ideal for self-employed individuals or those with non-traditional income sources. 2. Simplified Documentation: Compared to traditional loan options, this type of loan requires less documentation, streamlining the application process and providing quicker access to funds. 3. Access to Funds: Borrowers can access the equity in their home quickly and conveniently, allowing them to meet financial needs or make investments while leveraging their property. Demographics Located in East Texas, Leesburg has a population of approximately 1,000 residents. The community has a mix of families, retirees, and young professionals, creating a diverse and vibrant atmosphere. Housing Market The housing market in Leesburg offers a variety of options, including single-family homes, ranch-style properties, and waterfront residences. The average home price is affordable, making it an attractive option for first-time buyers and investors. Main Attractions Leesburg is known for its natural beauty, with attractions such as Lake Bob Sandlin State Park and Ellison Creek Reservoir offering outdoor recreational opportunities. The town also has a rich history, reflected in sites like the Historic Leesburg Cemetery and the Leesburg Historical Society Museum.
Benefits of a 12-Month Bank Statement Loan in Leesburg, Texas
