Get Approved at The Lowest Rate
Traditional mortgage requirements in Long Beach, 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 Long Beach, 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 Long Beach, 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 Long Beach, 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 Long Beach, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Long Beach, 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 Long Beach, 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 Long Beach, 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 Long Beach, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Long Beach, 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 Long Beach, California offers numerous advantages to individuals seeking financing with non-traditional income documentation. These loans are ideal for self-employed individuals or those with varying income sources, as they rely on bank statements instead of tax returns for qualification. Long Beach, California, boasts a diverse demographic mix, with a significant population of young professionals, students, and families. The city's vibrant culture and proximity to Los Angeles make it an attractive place to live and work. The housing market in Long Beach is dynamic, offering a range of options from historic homes to modern apartments. The city has seen steady appreciation in property values over the years, making it a favorable location for real estate investments. Long Beach is home to many main attractions, including the historic RMS Queen Mary, the Aquarium of the Pacific, and several beautiful beaches. The city's bustling waterfront, art galleries, and diverse dining scene provide residents and visitors with ample entertainment options.
Benefits of a 12 Month Bank Statement Loan in Long Beach, California
