Get Approved at The Lowest Rate
Traditional mortgage requirements in Palm Desert, 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 Palm Desert, 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 Palm Desert, 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 Palm Desert, 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 Palm Desert, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Palm Desert, 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 Palm Desert, 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 Palm Desert, 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 Palm Desert, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Palm Desert, 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.
One major benefit of a 12 month Bank Statement Loan in Palm Desert is the flexibility it offers to self-employed individuals or those with non-traditional income sources. This loan option considers bank statements instead of tax returns for income verification, making it easier for borrowers to qualify. Demographically, Palm Desert, CA, is a vibrant city with a population that is known for its mix of retirees, working professionals, and families. The city has a diverse community with various cultural backgrounds, making it a welcoming and inclusive place to live. In terms of the housing market, Palm Desert offers a range of options from luxurious homes in gated communities to more affordable condos and townhouses. The market is competitive but stable, with property values showing a steady increase over the years, making it a promising investment choice. Some of the main attractions in Palm Desert include the famous El Paseo shopping district, the Living Desert Zoo and Gardens, and numerous golf courses. The city is also known for its beautiful desert landscape, hiking trails, and outdoor recreational activities, making it a perfect blend of urban amenities and natural beauty.
Benefits of a 12 Month Bank Statement Loan in Palm Desert, California
