Get Approved at The Lowest Rate
Traditional mortgage requirements in Los Angeles, 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 Los Angeles, 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 Los Angeles, 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 Los Angeles, 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 Los Angeles, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Los Angeles, 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 Los Angeles, 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 Los Angeles, 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 Los Angeles, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Los Angeles, 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.
One of the main benefits of a 12-month bank statement loan in Los Angeles is the flexibility it offers to self-employed individuals or those with non-traditional income sources. With this type of loan, borrowers can use their bank statements to prove income, making it easier to qualify for a mortgage. Demographically, Los Angeles is a diverse city known for its large Hispanic and Asian communities, contributing to a vibrant cultural scene and culinary landscape. The city is also home to a significant number of young professionals and creatives attracted by the entertainment industry and tech sector. When it comes to the housing market in Los Angeles, it is known for its competitive nature and high prices, making it essential for buyers to explore alternative financing options like the 12-month bank statement loan. This type of loan can help buyers navigate the market while providing a pathway to homeownership. Some of the main attractions in Los Angeles include iconic landmarks such as the Hollywood Sign, Griffith Observatory, and the Getty Center. The city is also renowned for its beautiful beaches, like Santa Monica and Venice, as well as its dynamic arts and music scene.
Benefits of a 12-Month Bank Statement Loan in Los Angeles, California
