Get Approved at The Lowest Rate
Traditional mortgage requirements in Refugio, 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 Refugio, 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 Refugio, 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 Refugio, 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 Refugio, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Refugio, 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 Refugio, 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 Refugio, 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 Refugio, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Refugio, 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.
A 12-month bank statement loan in Refugio, Texas offers numerous advantages to borrowers. One of the key benefits is the flexibility it provides for self-employed individuals or those with non-traditional income sources. These loans allow applicants to use bank statements rather than tax returns to prove their income, making it easier to qualify for a mortgage. Demographically, Refugio is a charming small town in Texas with a population of approximately 2,784 residents. The town boasts a diverse community that includes families, retirees, and young professionals. The area is known for its friendly locals and strong sense of community. The housing market in Refugio offers affordable options for homebuyers, with a median home price of $135,000. The market is stable, making it a great place for individuals looking to invest in real estate. Additionally, the town's proximity to larger cities like Corpus Christi provides residents with access to urban amenities while enjoying a quieter lifestyle. Main attractions in Refugio include the historic Refugio County Courthouse, which dates back to 1886 and is a popular landmark in the town. Nature enthusiasts can explore the nearby Welder Wildlife Refuge, known for its diverse birdwatching opportunities and hiking trails. Additionally, the town organizes various cultural events and festivals throughout the year, showcasing the vibrant local arts scene.
Benefits of a 12 Month Bank Statement Loan in Refugio, Texas
