Get Approved at The Lowest Rate
Traditional mortgage requirements in Ovalo, 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 Ovalo, 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 Ovalo, 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 Ovalo, 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 Ovalo, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Ovalo, 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 Ovalo, 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 Ovalo, 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 Ovalo, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Ovalo, 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.
One of the key benefits of a 12-month bank statement loan in Ovalo, Texas is the flexibility it offers to self-employed individuals and small business owners. These loans allow applicants to use their bank statements to verify income, making it easier for those with non-traditional income sources to qualify for a mortgage. Ovalo, Texas, a small town located in Taylor County, has a population of around 400 residents. The area boasts a close-knit community atmosphere, making it an ideal place for families and individuals looking for a peaceful and safe environment to call home. The housing market in Ovalo, Texas, offers a variety of options ranging from cozy single-family homes to spacious ranch-style properties. With the median home price currently standing at an affordable level, this area presents an excellent opportunity for first-time homebuyers and those looking to invest in real estate. While in Ovalo, residents and visitors can enjoy exploring attractions such as the Lytle Land and Cattle Company, known for its picturesque landscapes and outdoor recreational activities. Additionally, the nearby Abilene Zoo and Frontier Texas! Museum provide entertainment options for individuals of all ages.
Benefits of a 12 Month Bank Statement Loan in Ovalo, Texas
