Get Approved at The Lowest Rate
Traditional mortgage requirements in Riesel, 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 Riesel, 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 Riesel, 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 Riesel, 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 Riesel, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Riesel, 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 Riesel, 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 Riesel, 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 Riesel, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Riesel, 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.
1. Fast Approval Process: Bank statement loans usually have quicker approval times compared to traditional mortgage loans. 2. Flexibility in Qualification: With a bank statement loan, self-employed individuals or those with non-traditional income sources can more easily qualify. 3. Increased Loan Amounts: Bank statement loans may allow for higher loan amounts based on income shown in bank statements. Demographics of Riesel, Texas Riesel has a population of around 1100 residents, with a median age of 38 years. The town has a diverse community with a mix of families, retirees, and young professionals. Income levels in Riesel vary, with a combination of blue-collar and white-collar occupations. Housing Market in Riesel, Texas The Riesel housing market offers a range of affordable options, with a median home price of $150,000. Rental properties are also available for those looking for temporary housing solutions. The real estate market in Riesel is steady, making it a desirable location for homebuyers. Main Attractions in Riesel, Texas Visitors can enjoy outdoor activities at Lake Limestone or Fort Parker State Park. The town is known for its local festivals, such as the Riesel Lions Club Fall Festival. Riesel also has a charming downtown area with shops and restaurants for residents and visitors to enjoy.
Benefits of a 12-Month Bank Statement Loan in Riesel, Texas
