Get Approved at The Lowest Rate
Traditional mortgage requirements in Moulton, 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 Moulton, 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 Moulton, 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 Moulton, 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 Moulton, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Moulton, 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 Moulton, 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 Moulton, 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 Moulton, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Moulton, 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.
When considering a 12 month bank statement loan in Moulton, Texas, you can reap several benefits. Firstly, these loans are ideal for self-employed individuals who might not have traditional income documents. With this type of loan, your bank statements serve as proof of income, making it easier to qualify for a mortgage. Secondly, a 12 month bank statement loan offers greater flexibility in terms of income verification, making it easier for individuals with fluctuating incomes or multiple income sources to secure financing. Additionally, these loans often have competitive interest rates and terms, providing a cost-effective borrowing option for homebuyers in Moulton. Demographically, Moulton, Texas, is a small and close-knit community with a population that values its rich history and rural charm. The town is primarily residential, with a mix of families, retirees, and young professionals calling it home. The community prides itself on its strong sense of community and support for local businesses. When it comes to the housing market, Moulton offers a range of options from historic homes to new constructions. The market is relatively stable, with affordable housing options available for first-time buyers and larger properties for those looking to upgrade. With the 12 month bank statement loan, qualifying buyers can take advantage of these diverse housing options and invest in their dream home. Main attractions in Moulton include its picturesque downtown area, which features locally-owned shops and restaurants, as well as beautiful parks and outdoor recreational areas. The town also hosts various community events throughout the year, fostering a strong sense of belonging among residents.
Benefits of a 12 Month Bank Statement Loan in Moulton, Texas
