Get Approved at The Lowest Rate
Traditional mortgage requirements in Northridge, 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 Northridge, 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 Northridge, 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 Northridge, 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 Northridge, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Northridge, 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 Northridge, 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 Northridge, 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 Northridge, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Northridge, 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.
Obtaining a 12-month bank statement loan in Northridge, California can be highly advantageous for self-employed individuals or those with non-traditional income sources. These loans offer flexibility in proving income and can accommodate those without regular pay stubs. Demographics: Northridge, located in the San Fernando Valley region, is a diverse neighborhood in Los Angeles. It has a mix of residents from various ethnicities and age groups. Many local residents are professionals working in healthcare, education, and technology sectors. Housing Market: Northridge's housing market offers a range of options, from single-family homes to modern apartments. The area has seen steady growth in property values, making it an attractive location for homebuyers and investors alike. With convenient access to major highways and public transportation, Northridge is a desirable location for many. Main Attractions: Northridge is home to California State University, Northridge (CSUN), which brings a vibrant energy to the area. The Northridge Fashion Center provides excellent shopping opportunities, while outdoor enthusiasts can enjoy nearby parks and recreational facilities. The neighborhood also boasts a variety of dining options, ranging from casual eateries to upscale restaurants.
Benefits of a 12-Month Bank Statement Loan in Northridge, California
