Get Approved at The Lowest Rate
Traditional mortgage requirements in Premont, 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 Premont, 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 Premont, 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 Premont, 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 Premont, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Premont, 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 Premont, 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 Premont, 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 Premont, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Premont, 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 Premont, Texas is the flexibility it offers to self-employed individuals or those with non-traditional income sources. These loans typically require fewer documents than conventional loans and consider bank statements as proof of income over the past year. Demographically, Premont is a small town in Texas with a population of around 2,700 people. The majority of residents are of Hispanic descent, contributing to the town's rich cultural heritage. The town has a tight-knit community feel, ideal for those seeking a close community bond. In terms of the housing market, Premont offers affordable housing options compared to nearby urban centers. The average home price is below the national average, making it an attractive location for first-time homebuyers or those looking to invest in real estate. The market is stable, showing steady growth over the past few years. Main attractions in Premont include the beautiful South Texas landscape, offering outdoor activities like hunting, fishing, and hiking. The town also hosts events that celebrate its cultural diversity, such as local festivals and fairs. Residents can enjoy a relaxed pace of life while still having access to essential amenities.
Benefits of a 12-Month Bank Statement Loan in Premont, Texas
