Get Approved at The Lowest Rate
Traditional mortgage requirements in Perris, 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 Perris, 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 Perris, 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 Perris, 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 Perris, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Perris, 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 Perris, 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 Perris, 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 Perris, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Perris, 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.
When considering a 12 month bank statement loan in Perris, California, there are several key benefits to take into account. These loans are particularly beneficial for self-employed individuals who may not have traditional income documentation but can demonstrate their income through bank statements over the past year. Demographically, Perris is a diverse city in Riverside County, with a growing population that is predominantly Hispanic and White. The city has a relatively young population, with a median age of around 30 years old, making it an attractive location for young families and professionals. The housing market in Perris offers a range of options from single-family homes to apartments and condos. The market has been experiencing steady growth in recent years, with increasing property values and new construction projects. This makes it an ideal time to invest in real estate in Perris. Among the main attractions in Perris, California, are the Lake Perris State Recreation Area, a popular spot for outdoor activities such as camping, fishing, and boating. The Perris Auto Speedway is another prominent attraction, hosting thrilling racing events for motorsport enthusiasts. Additionally, the Orange Empire Railway Museum showcases the rich history of rail transportation in the region.
Exploring the Benefits of a 12 Month Bank Statement Loan in Perris, California
