Get Approved at The Lowest Rate
Traditional mortgage requirements in Presidio, 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 Presidio, 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 Presidio, 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 Presidio, 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 Presidio, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Presidio, 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 Presidio, 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 Presidio, 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 Presidio, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Presidio, 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.
Obtaining a 12-month bank statement loan in Presidio, Texas offers numerous advantages, including flexible qualification criteria for self-employed individuals. This type of loan is based on the applicant's bank statements rather than their tax returns, making it an excellent option for those with fluctuating income. Presidio, Texas, situated along the Rio Grande, boasts a diverse demographic mix. With a population primarily comprising of Hispanic and Latino communities, the town offers a rich cultural experience and a strong sense of community. The town's welcoming atmosphere makes it an ideal place to call home. The housing market in Presidio, Texas, offers a range of options for prospective buyers. With a mix of historic adobe-style homes and modern constructions, there is something for everyone. Affordable pricing and the availability of the 12-month bank statement loan option make homeownership easily accessible. When in Presidio, be sure to visit the stunning Big Bend Ranch State Park, which offers hiking, camping, and breathtaking views of the Texas landscape. The nearby Chinati Mountains State Natural Area and the unique Fort Leaton State Historic Site are also must-see destinations for history and nature enthusiasts.
Benefits of a 12 Month Bank Statement Loan in Presidio, Texas
