Get Approved at The Lowest Rate
Traditional mortgage requirements in Millbrae, 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 Millbrae, 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 Millbrae, 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 Millbrae, 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 Millbrae, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Millbrae, 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 Millbrae, 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 Millbrae, 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 Millbrae, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Millbrae, 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 Millbrae, California, is that it offers flexibility for self-employed individuals or those with non-traditional income sources. This type of loan allows applicants to use bank statements as proof of income rather than tax returns, making it easier for some borrowers to qualify. Demographically, Millbrae is known for its diverse population, with a mix of different ethnicities and cultures. The median household income in Millbrae is above the national average, making it an attractive location for those looking for a high standard of living. In terms of the housing market, Millbrae offers a mix of single-family homes, townhouses, and apartments, catering to various housing needs. The real estate market in Millbrae is competitive, with property values steadily increasing over the years, making it a sound investment for homebuyers. Some main attractions in Millbrae include the beautiful Bayfront Park, which offers scenic views of the San Francisco Bay and recreational activities for residents and visitors. The city is also home to quaint shopping areas, diverse dining options, and easy access to public transportation for convenient commuting.
Benefits of a 12 Month Bank Statement Loan in Millbrae, California
