Get Approved at The Lowest Rate
Traditional mortgage requirements in Moreno Valley, 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 Moreno Valley, 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 Moreno Valley, 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 Moreno Valley, 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 Moreno Valley, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Moreno Valley, 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 Moreno Valley, 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 Moreno Valley, 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 Moreno Valley, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Moreno Valley, 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 Moreno Valley, California offers flexibility for self-employed individuals who may not have traditional income documentation. This type of loan considers bank statements as proof of income, making it easier for entrepreneurs and freelancers to qualify for a mortgage. Demographics in Moreno Valley show a diverse population with a median age of 30.3 years old. The city has a large Hispanic community, accounting for a significant percentage of the residents. Moreno Valley's population growth rate is higher than the national average, indicating a thriving and dynamic community. The housing market in Moreno Valley is competitive, with a median home price of around $400,000. The market has been experiencing steady growth, making it an attractive option for both first-time homebuyers and investors. With a variety of housing options available, from single-family homes to condos, Moreno Valley offers something for everyone. Main attractions in Moreno Valley include the March Field Air Museum, showcasing a collection of military aircraft and artifacts. The city is also home to the Box Springs Mountain Reserve Park, offering hiking trails and stunning views of the surrounding landscape. Residents and visitors can enjoy shopping and dining at the Moreno Valley Mall, a popular retail destination in the area.
Benefits of a 12 Month Bank Statement Loan in Moreno Valley, California
