Get Approved at The Lowest Rate
Traditional mortgage requirements in Palm Springs, 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 Springs, 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 Springs, 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 Springs, 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 Springs, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Palm Springs, 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 Springs, 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 Springs, 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 Springs, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Palm Springs, 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 of the primary benefits of a 12 Month Bank Statement Loan in Palm Springs, California is the flexibility it offers to individuals who may not have traditional income documentation. This type of loan allows self-employed individuals, small business owners, and freelancers to secure financing based on their bank statements rather than tax returns. Demographically, Palm Springs attracts a diverse population, including retirees, vacation homeowners, and young professionals. The city is known for its high quality of life, with excellent healthcare facilities, recreational opportunities, and a vibrant arts and culture scene. In terms of the housing market, Palm Springs offers a range of options from luxurious estates to more affordable condos. The city has seen steady growth in property values over the years, making it an attractive investment opportunity for those looking to purchase a home or rental property. Main attractions in Palm Springs include the stunning natural landscapes of the surrounding desert, world-class golf courses, upscale shopping areas, and a variety of restaurants and entertainment venues. The city also hosts annual events such as the Palm Springs International Film Festival and Modernism Week.
Benefits of a 12 Month Bank Statement Loan in Palm Springs, California
