Get Approved at The Lowest Rate
Traditional mortgage requirements in Lubbock, 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 Lubbock, 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 Lubbock, 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 Lubbock, 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 Lubbock, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Lubbock, 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 Lubbock, 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 Lubbock, 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 Lubbock, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Lubbock, 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.
Obtaining a 12 Month Bank Statement Loan in Lubbock, Texas offers numerous advantages. Individuals who may not qualify for traditional mortgages can benefit from the flexibility provided by these loans. They are particularly beneficial for self-employed individuals or those with non-traditional income sources. Demographics: Lubbock, Texas, is a vibrant city with a diverse population. The city is known for its warm and welcoming community, making it an ideal place to settle down. The cost of living is relatively low compared to other parts of Texas, making it an attractive location for individuals and families alike. Housing Market: The housing market in Lubbock offers a variety of options to suit different preferences and budgets. With the help of a 12 Month Bank Statement Loan, individuals can easily invest in properties that meet their needs. The market is stable, with steady appreciation rates, making it a sound investment choice. Main Attractions: Lubbock boasts a range of attractions, from the vibrant arts and culture scene to the stunning natural landscapes. Visitors and residents can enjoy the Buddy Holly Center, the West Texas Walk of Fame, and numerous parks and outdoor recreational areas, providing ample opportunities for leisure and entertainment.
Benefits of a 12 Month Bank Statement Loan in Lubbock, Texas
