Get Approved at The Lowest Rate
Traditional mortgage requirements in San Diego, 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 Diego, 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 Diego, 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 Diego, 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 Diego, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in San Diego, 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 Diego, 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 Diego, 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 Diego, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in San Diego, 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.
Obtaining a 12-month bank statement loan in San Diego, Texas offers numerous advantages. These loans provide flexibility for self-employed individuals who may not have traditional income documentation. With a bank statement loan, applicants can use their bank statements to prove their income, making approval easier and faster. Additionally, these loans often have lower credit score requirements compared to conventional loans, expanding access to financing for a broader range of borrowers. San Diego, Texas, with a population of approximately 4,488, is a diverse and vibrant community. The town boasts a rich cultural heritage, with a mix of Hispanic and Anglo residents. The median household income in San Diego is $37,917, making it an affordable place to live compared to other parts of Texas. The housing market in San Diego, Texas, offers opportunities for both buyers and sellers. The median home value in San Diego is $76,600, making it an attractive location for first-time homebuyers or those looking to invest in real estate. The market is competitive, with homes selling quickly, indicating a strong demand for housing in the area. San Diego, Texas, is a town filled with charm and attractions. Visitors can explore the San Diego Bayside Park, which offers scenic views and recreational activities. The town also hosts the Vaquero Festival, celebrating its cowboy heritage with rodeo events and music. Additionally, San Diego is a short drive from the beaches of Corpus Christi, providing residents with easy access to coastal adventures.
Benefits of a 12-Month Bank Statement Loan in San Diego, Texas
