Get Approved at The Lowest Rate
Traditional mortgage requirements in Murrieta, 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 Murrieta, 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 Murrieta, 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 Murrieta, 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 Murrieta, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Murrieta, 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 Murrieta, 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 Murrieta, 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 Murrieta, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Murrieta, 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.
1. Flexibility: A 12-month bank statement loan in Murrieta, California offers flexibility in income verification, making it easier for self-employed individuals or those with non-traditional income sources to qualify for a mortgage. 2. Fast Approval: These loans typically have quicker approval processes compared to traditional mortgages, allowing borrowers to secure financing faster and move forward with their home purchase. 3. Tax Advantages: For self-employed individuals, a bank statement loan can provide tax advantages as it allows for the deduction of expenses related to their work when calculating income. Demographics Murrieta, California, has a diverse population with a mix of young professionals, families, and retirees. The city's population is approximately 116,223, with a median age of 34 years. Housing Market The housing market in Murrieta is thriving, with a median home price of $482,000. The market is competitive, with a steady increase in property values over the past few years, making it a desirable location for homebuyers. Main Attractions Murrieta offers a range of attractions, including the Santa Rosa Plateau Ecological Reserve, Old Town Murrieta, and numerous parks and recreational facilities. Residents can enjoy outdoor activities, shopping, dining, and cultural events in the city.
Benefits of a 12 Month Bank Statement Loan in Murrieta, California
