Get Approved at The Lowest Rate
Traditional mortgage requirements in New Braunfels, 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 New Braunfels, 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 New Braunfels, 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 New Braunfels, 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 New Braunfels, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in New Braunfels, 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 New Braunfels, 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 New Braunfels, 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 New Braunfels, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in New Braunfels, 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.
A 12-month bank statement loan in New Braunfels, Texas offers flexibility and convenience for self-employed individuals or those with non-traditional income sources. This type of loan allows applicants to use their bank statements as proof of income instead of tax returns, making it easier to qualify for a mortgage. Demographically, New Braunfels is a vibrant city located between San Antonio and Austin. It has a diverse population with a mix of young professionals, families, and retirees. The city's strong economy, low unemployment rate, and affordable cost of living make it an attractive place to live and work. In terms of the housing market, New Braunfels has seen steady growth in home prices and demand in recent years. The real estate market offers a variety of housing options, from historic homes in the downtown area to modern developments in the outskirts. With low interest rates and favorable loan options like the 12-month bank statement loan, now is a great time to invest in property in New Braunfels. Some of the main attractions in New Braunfels include the picturesque Comal River, the iconic Gruene Historic District with its charming shops and restaurants, and the family-friendly Schlitterbahn Waterpark. The city also hosts numerous festivals and events throughout the year, showcasing its rich cultural heritage and community spirit.
Benefits of a 12-Month Bank Statement Loan in New Braunfels, Texas
