Get Approved at The Lowest Rate
Traditional mortgage requirements in San Diego, 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 Diego, 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 Diego, 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 Diego, 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 Diego, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in San Diego, 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 Diego, 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 Diego, 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 Diego, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in San Diego, 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.
One of the key benefits of a 12-month bank statement loan in San Diego, California is the flexibility it offers to self-employed individuals or those with non-traditional income sources. This type of loan allows applicants to use their bank statements as proof of income, rather than traditional pay stubs or tax returns. Moreover, the approval process for a bank statement loan is typically faster compared to conventional loans. This can be advantageous for individuals seeking quick financing for a property purchase in the competitive San Diego housing market. Additionally, a 12-month bank statement loan may have lower credit score requirements, making it accessible to a wider range of borrowers. This can be especially beneficial for individuals who may not meet the strict criteria of traditional mortgage loans. Demographics San Diego, California boasts a diverse population with a mix of cultures and backgrounds. The city is known for its thriving tech industry, beautiful beaches, and pleasant climate, which attract residents from various age groups. Housing Market The San Diego housing market is competitive, with a mix of single-family homes, condos, and apartments. Prices can vary significantly depending on the neighborhood, with some areas experiencing high demand and rising prices. Main Attractions San Diego offers a plethora of attractions, including the world-renowned San Diego Zoo, Balboa Park, and stunning beaches like La Jolla Cove and Coronado Beach. The city also has a vibrant food scene, numerous cultural institutions, and outdoor recreational activities for residents and visitors alike.
Benefits of a 12-Month Bank Statement Loan in San Diego, California
