Get Approved at The Lowest Rate
Traditional mortgage requirements in Point, 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 Point, 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 Point, 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 Point, 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 Point, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Point, 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 Point, 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 Point, 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 Point, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Point, 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 primary benefits of a 12-month bank statement loan in Point, Texas is the flexibility it offers for self-employed individuals or those with non-traditional income sources. Unlike traditional loans that require extensive documentation, this type of loan allows borrowers to qualify based on their bank statements. Demographically, Point, Texas is a small town with a population of approximately 800 residents. The community is close-knit, offering a peaceful and quiet environment for families and individuals looking to escape the hustle and bustle of city life. The town has a mix of age groups, with a focus on family-oriented activities and events. In terms of the housing market, Point, Texas provides affordable housing options compared to nearby urban areas. The town offers a range of housing styles, from cozy single-family homes to spacious ranch-style properties. The housing market in Point is stable, making it an attractive location for first-time homebuyers or those looking to invest in real estate. Some main attractions in Point, Texas include the beautiful Lake Tawakoni State Park, popular for fishing, boating, and hiking activities. Additionally, the town hosts annual events such as the Point Community Rodeo and the Point Summer Festival, bringing residents together for fun and festivities.
Benefits of a 12 Month Bank Statement Loan in Point, Texas
