Get Approved at The Lowest Rate
Traditional mortgage requirements in Rancho Cordova, 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 Rancho Cordova, 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 Rancho Cordova, 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 Rancho Cordova, 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 Rancho Cordova, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Rancho Cordova, 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 Rancho Cordova, 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 Rancho Cordova, 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 Rancho Cordova, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Rancho Cordova, 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.
A 12 Month Bank Statement Loan in Rancho Cordova offers self-employed individuals convenient financing options with minimal documentation requirements. This loan program allows borrowers to use their bank statements to verify income, making it easier for entrepreneurs and freelancers to qualify for a mortgage. Demographically, Rancho Cordova is a diverse city located in Sacramento County, California. With a mix of families, young professionals, and retirees, the community is known for its welcoming atmosphere and vibrant cultural scene. The city's population is characterized by a blend of different ethnicities and age groups, creating a rich tapestry of backgrounds. In terms of the housing market, Rancho Cordova offers a range of real estate options, from cozy single-family homes to spacious estates. The market is currently stable, with moderate home appreciation rates. The city's housing market provides opportunities for first-time buyers, investors, and those looking to upgrade to a larger property. Main attractions in Rancho Cordova include American River Parkway, a popular spot for outdoor activities such as biking and hiking. The city is also home to the Sacramento Children's Museum, which offers interactive exhibits for families. Additionally, residents and visitors can enjoy various dining options, shopping centers, and community events throughout the year.
Benefits of a 12 Month Bank Statement Loan in Rancho Cordova, California
