Get Approved at The Lowest Rate
Traditional mortgage requirements in San Benito, 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 San Benito, 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 San Benito, 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 San Benito, 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 San Benito, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in San Benito, 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 San Benito, 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 San Benito, 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 San Benito, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in San Benito, 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 San Benito, Texas offers flexibility for those with non-traditional income documentation, allowing self-employed individuals and small business owners to qualify based on bank statements rather than tax returns. The population of San Benito, Texas, is diverse, with a mix of Hispanic and Caucasian residents, creating a rich cultural tapestry. The city's workforce is mainly employed in healthcare, retail, agriculture, and education sectors, providing a stable economic base. The housing market in San Benito is thriving, with a range of affordable single-family homes and apartments available. The median home price is below the national average, making it an attractive location for first-time homebuyers or those looking to invest in real estate. San Benito boasts several main attractions, including the famous San Benito Museum, the picturesque Boggus Stadium, and the stunning Resaca de la Palma State Park, offering residents and visitors opportunities for education, sports, and outdoor activities.
Benefits of a 12-Month Bank Statement Loan in San Benito, Texas
