Get Approved at The Lowest Rate
Traditional mortgage requirements in Pasadena, 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 Pasadena, 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 Pasadena, 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 Pasadena, 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 Pasadena, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Pasadena, 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 Pasadena, 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 Pasadena, 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 Pasadena, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Pasadena, 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 key benefits of a 12-month bank statement loan in Pasadena, California is the flexibility it offers self-employed individuals or those with non-traditional income sources. Unlike traditional loans that rely heavily on W-2 income, this type of loan considers a borrower's bank statements over a year to assess their financial stability. Demographically, Pasadena is a diverse city located in Los Angeles County, known for its historic Old Town, cultural institutions like the Norton Simon Museum, and the famous Rose Bowl Stadium. The city has a mix of residents, including young professionals, families, and retirees, creating a vibrant and inclusive community. In terms of the housing market, Pasadena offers a range of housing options from historic Craftsman homes to modern condominiums. The market is competitive but stable, with a median home price that is above the national average. With the help of a 12-month bank statement loan, prospective buyers can navigate the market more effectively and secure their dream home in this desirable city. Main attractions in Pasadena include the beautiful Huntington Library, Art Collections, and Botanical Gardens, the bustling Paseo Colorado shopping center, and the annual Rose Parade, which attracts visitors from around the world. Residents and tourists alike can enjoy a mix of cultural, entertainment, and outdoor activities in this picturesque city.
Benefits of a 12 Month Bank Statement Loan in Pasadena, California
