Get Approved at The Lowest Rate
Traditional mortgage requirements in San Marcos, 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 Marcos, 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 Marcos, 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 Marcos, 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 Marcos, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in San Marcos, 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 Marcos, 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 Marcos, 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 Marcos, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in San Marcos, 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.
A 12-month bank statement loan in San Marcos, California offers benefits such as simplified application processes, relaxed credit score requirements, and the ability to qualify based on bank statements rather than tax returns. San Marcos, California has a diverse demographic mix, with a population that includes a large number of young professionals and families. The city boasts a strong job market, with opportunities in industries such as healthcare, education, and technology. The housing market in San Marcos, California is competitive yet offers a variety of housing options to suit different budgets. Home prices have been steadily appreciating, making it a lucrative market for both buying and selling properties. Some main attractions in San Marcos include the picturesque Double Peak Park, the popular Restaurant Row offering a variety of dining options, and educational institutions like California State University San Marcos attracting students and researchers to the area.
Benefits of a 12 Month Bank Statement Loan in San Marcos, California
