Get Approved at The Lowest Rate
Traditional mortgage requirements in Mabank, 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 Mabank, 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 Mabank, 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 Mabank, 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 Mabank, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Mabank, 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 Mabank, 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 Mabank, 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 Mabank, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Mabank, 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.
One of the main benefits of a 12-month bank statement loan in Mabank, Texas, is the flexibility it offers for self-employed individuals or those with non-traditional income sources. With this type of loan, borrowers can use their bank statements as proof of income, making it easier to qualify for a mortgage. Demographically, Mabank, Texas, is a small yet vibrant community located in Henderson and Kaufman counties. With a population of around 3,000 residents, Mabank offers a close-knit community feel with a strong sense of hospitality. The median age in Mabank is approximately 37 years old, and the median household income is around $40,000. In terms of the housing market, Mabank, Texas, offers a range of housing options to suit various needs and budgets. From cozy single-family homes to spacious ranch-style properties, there is something for everyone in Mabank. The median home value in Mabank is approximately $150,000, making it an affordable option for those looking to purchase a home. Some of the main attractions in Mabank include the Cedar Creek Lake, which is the fourth largest lake in Texas and offers opportunities for boating, fishing, and water sports. The Mabank Pavilion hosts various community events and festivals throughout the year, bringing residents together for fun and entertainment.
Benefits of 12 Month Bank Statement Loan in Mabank, Texas
