Get Approved at The Lowest Rate
Traditional mortgage requirements in Norco, 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 Norco, 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 Norco, 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 Norco, 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 Norco, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Norco, 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 Norco, 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 Norco, 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 Norco, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Norco, 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 Norco, California provides a flexible financing option for self-employed individuals with non-traditional income verification needs. It allows applicants to qualify based on their bank statements rather than tax returns, making it easier for entrepreneurs and freelancers to secure a mortgage. Demographically, Norco is a suburban city in Riverside County, California, with a population that primarily consists of middle to upper-middle-class families. The city has a strong sense of community and offers excellent schools, making it an attractive location for families looking for a safe and peaceful environment. The housing market in Norco is dynamic, with a mix of traditional single-family homes and modern developments. The city offers a range of housing options from spacious ranch-style properties to luxurious estates. The market is competitive, with properties often receiving multiple offers, highlighting the desirability of the area. Main attractions in Norco include the popular Silverlakes Equestrian and Sports Park, perfect for outdoor activities and events. The city is known for its horse-friendly atmosphere, hosting events like the Norco Fair and annual rodeos. Additionally, Norco offers easy access to hiking trails, parks, and local shops and restaurants.
Benefits of a 12-Month Bank Statement Loan in Norco, California
