Get Approved at The Lowest Rate
Traditional mortgage requirements in San Juan, 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 Juan, 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 Juan, 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 Juan, 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 Juan, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in San Juan, 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 Juan, 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 Juan, 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 Juan, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in San Juan, 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.
1. Flexibility: A 12 month Bank statement loan in San Juan, Texas offers flexibility for self-employed individuals or those with non-traditional income sources. The loan is based on bank statements rather than tax returns, making it easier to qualify for a mortgage. 2. Quick Approval: Compared to traditional mortgage loans, bank statement loans have a quicker approval process. This can be beneficial for individuals who need to secure financing promptly to purchase a home in San Juan. 3. Higher Loan Amounts: With a 12 month Bank statement loan, borrowers may qualify for higher loan amounts than with conventional loans. This can enable homebuyers in San Juan to purchase properties that align with their needs and preferences. Demographics: San Juan, Texas, has a diverse population with a mix of Hispanic, White, and other ethnicities. The city has a vibrant community that celebrates its cultural heritage through events and local traditions. Housing Market: The housing market in San Juan offers a range of options, from affordable single-family homes to spacious estates. The market is stable, with moderate appreciation rates, making it an attractive location for both first-time homebuyers and investors. Main Attractions: San Juan, Texas, is home to attractions such as the Basilica of Our Lady of San Juan del Valle National Shrine, attracting visitors for religious and cultural experiences. The city also offers a variety of parks, shopping centers, and dining options for residents and tourists to enjoy.
Benefits of a 12 Month Bank Statement Loan in San Juan, Texas
