Get Approved at The Lowest Rate
Traditional mortgage requirements in San Bernardino, CA 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 Bernardino, CA 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 Bernardino, CA 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 Bernardino, CA, 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 Bernardino, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in San Bernardino, CA 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 Bernardino, CA 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 Bernardino, CA, 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 Bernardino, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in San Bernardino, CA? 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.
Obtaining a 12-month bank statement loan in San Bernardino offers numerous advantages. This type of loan is ideal for self-employed individuals who may not have traditional income documentation. It allows borrowers to use their bank statements as proof of income, enabling them to qualify for a loan based on their deposits rather than tax returns or pay stubs. Demographically, San Bernardino is a diverse city located in the heart of the Inland Empire region of Southern California. The population is a mix of various ethnicities, creating a vibrant and inclusive community. The city is also known for its affordable housing options compared to neighboring areas like Los Angeles. In terms of the housing market, San Bernardino offers a range of options from single-family homes to apartments. The market is currently competitive, with prices on the rise due to high demand and low inventory. However, with a 12-month bank statement loan, buyers have more flexibility and opportunity to secure financing even in a competitive market. Main attractions in San Bernardino include the historic Route 66, the San Bernardino History and Railroad Museum, and the picturesque Glen Helen Regional Park. Residents and visitors alike can enjoy outdoor activities, cultural experiences, and a rich history in this vibrant city.
Benefits of 12 Month Bank Statement Loan in San Bernardino, California
