Get Approved at The Lowest Rate
Traditional mortgage requirements in Royse City, 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 Royse City, 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 Royse City, 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 Royse City, 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 Royse City, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Royse City, 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 Royse City, 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 Royse City, 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 Royse City, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Royse City, 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 Royse City, Texas offers flexibility and convenience for self-employed individuals or those with non-traditional income sources. It allows applicants to use their bank statements as proof of income rather than traditional employment verification. Royse City, Texas, with a population of around 15,000, boasts a diverse community with a median age of 32 years old. The city provides a family-friendly environment with good schools, low crime rates, and a growing economy, making it an attractive place for residents of all ages. The housing market in Royse City is booming, with a variety of housing options available, from affordable starter homes to luxury estates. The average home price is around $250,000, making it an affordable option for first-time homebuyers or those looking to upgrade to a larger property. Some of the main attractions in Royse City include the Royse City Historic Calaboose, City Lake Park, and the Southern Junction Live music venue. Residents can enjoy outdoor activities, community events, and live music performances, adding to the charm and vibrancy of the city.
Benefits of a 12 Month Bank Statement Loan in Royse City, Texas
