Get Approved at The Lowest Rate
Traditional mortgage requirements in San Rafael, 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 Rafael, 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 Rafael, 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 Rafael, 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 Rafael, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in San Rafael, 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 Rafael, 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 Rafael, 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 Rafael, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in San Rafael, 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 Rafael, California offers numerous advantages. This type of loan is ideal for self-employed individuals who might not have traditional income verification documents but can demonstrate their financial stability through bank statements. Demographically, San Rafael is known for its diverse population, with a mix of young professionals, families, and retirees. The city has a vibrant arts scene and a strong sense of community, making it an attractive place for those looking for a balanced lifestyle. In terms of the housing market, San Rafael offers a mix of historic homes and modern properties. The market is competitive, with prices steadily increasing due to high demand. A 12-month bank statement loan can help potential buyers navigate the market and secure their dream home. San Rafael boasts a variety of attractions, including the beautiful China Camp State Park, the Marin History Museum, and the bustling downtown area with its charming shops and restaurants. Residents can also enjoy easy access to outdoor activities such as hiking and biking.
Benefits of 12 Month Bank Statement Loan in San Rafael, California
