Get Approved at The Lowest Rate
Traditional mortgage requirements in Rowlett, 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 Rowlett, 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 Rowlett, 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 Rowlett, 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 Rowlett, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Rowlett, 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 Rowlett, 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 Rowlett, 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 Rowlett, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Rowlett, 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. Flexibility: The 12-month bank statement loan in Rowlett, Texas offers self-employed individuals the flexibility they need when traditional loans may not be an option. By using bank statements as proof of income, borrowers can secure financing based on their true financial situation. 2. Quick Approval: These loans typically have quicker approval processes compared to traditional mortgages, making them ideal for those who need fast access to funds for their property purchase in Rowlett. 3. Competitive Rates: While interest rates may vary, many borrowers find the rates offered on 12-month bank statement loans in Rowlett to be competitive and reasonable. Demographics of Rowlett, Texas Rowlett, Texas, is a diverse community with a population that includes a mix of young families, professionals, and retirees. The city boasts a strong sense of community and a range of amenities that cater to residents of all ages. Housing Market in Rowlett, Texas The housing market in Rowlett, Texas, is vibrant, with a variety of housing options ranging from single-family homes to spacious townhouses and modern apartments. The average home price in Rowlett is competitive compared to nearby areas, making it an attractive option for homebuyers. Main Attractions in Rowlett, Texas Rowlett offers a mix of indoor and outdoor attractions, including scenic parks, recreational areas, shopping centers, and dining options. The city's proximity to Lake Ray Hubbard also provides residents with opportunities for water sports and outdoor activities.
Benefits of a 12 Month Bank Statement Loan in Rowlett, Texas
