Get Approved at The Lowest Rate
Traditional mortgage requirements in Rockwall, 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 Rockwall, 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 Rockwall, 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 Rockwall, 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 Rockwall, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Rockwall, 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 Rockwall, 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 Rockwall, 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 Rockwall, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Rockwall, 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. Flexible Approval Process: A 12-month bank statement loan in Rockwall, Texas provides a more flexible approval process compared to traditional loans, making it ideal for self-employed individuals or those with non-traditional income sources. 2. Simplified Documentation: With this type of loan, you may not need to provide extensive documentation of your income history. Instead, your bank statements over the past year can serve as proof of income, simplifying the application process. 3. Quick Funding: Due to the streamlined verification process, 12-month bank statement loans often offer quicker funding, allowing you to secure financing faster for your property purchase or refinancing needs. Demographics in Rockwall, Texas Rockwall is a vibrant city located in Texas with a population of approximately 45,000 residents. The city boasts a diverse community with a mix of young professionals, families, and retirees, creating a welcoming and inclusive environment. Housing Market Information The housing market in Rockwall, Texas, is thriving, with a range of housing options including single-family homes, townhouses, and apartments. The median home price in Rockwall is around $300,000, with steady appreciation rates making it a sound investment opportunity. Main Attractions in Rockwall Some of the main attractions in Rockwall include Lake Ray Hubbard, a popular spot for fishing and boating, The Harbor Rockwall, a dining and entertainment district, and various parks and recreational areas that offer outdoor activities for residents and visitors alike.
Benefits of a 12-Month Bank Statement Loan in Rockwall, Texas
