Get Approved at The Lowest Rate
Traditional mortgage requirements in Ridgecrest, 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 Ridgecrest, 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 Ridgecrest, 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 Ridgecrest, 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 Ridgecrest, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Ridgecrest, 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 Ridgecrest, 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 Ridgecrest, 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 Ridgecrest, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Ridgecrest, 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.
Applying for a 12-month bank statement loan in Ridgecrest, California offers flexibility to self-employed individuals or those with non-traditional income sources. These loans typically require fewer documents and focus on bank statements over a year, allowing for easier approval compared to conventional loans. Demographics: Ridgecrest, located in Kern County, has a population of around 29,000. The town is known for its diverse community, with a mix of military personnel, families, and retirees. The median age is 35 years, and the median household income is $61,000. Housing Market: The housing market in Ridgecrest offers various options, from single-family homes to apartments. The median home price is $245,000, making it an affordable option for first-time buyers. The market has shown stability with a steady increase in property values over the years. Main Attractions: Ridgecrest is close to the stunning Sierra Nevada mountains, offering outdoor activities like hiking, camping, and rock climbing. The town is also home to the China Lake Naval Weapons Station and the Maturango Museum, showcasing the area's history and culture.
Benefits of a 12-Month Bank Statement Loan in Ridgecrest, California
