Get Approved at The Lowest Rate
Traditional mortgage requirements in Novato, 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 Novato, 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 Novato, 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 Novato, 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 Novato, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Novato, 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 Novato, 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 Novato, 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 Novato, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Novato, 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 Novato, California can be advantageous for individuals who are self-employed or have non-traditional income sources. These loans offer flexibility in qualifying through bank statements rather than tax returns. Novato, California is a vibrant city with a diverse population. The demographics include a mix of young professionals, families, and retirees. The city's community is known for its strong sense of unity and cultural diversity. The housing market in Novato, California is competitive yet offers a range of options for buyers. From cozy suburban homes to modern condominiums, there is something for everyone. The market has seen steady growth in property values over the years. Novato boasts a variety of main attractions, including the scenic hiking trails of Mount Burdell, the historic Novato Theater, and the popular Farmers Market showcasing local produce. The city's proximity to wineries and San Francisco adds to its allure.
Benefits of a 12 Month Bank Statement Loan in Novato, California
