Get Approved at The Lowest Rate
Traditional mortgage requirements in Scurry, 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 Scurry, 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 Scurry, 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 Scurry, 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 Scurry, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Scurry, 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 Scurry, 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 Scurry, 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 Scurry, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Scurry, 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 Scurry, Texas offers numerous advantages. Firstly, this type of loan is perfect for self-employed individuals or those with non-traditional income sources. It allows you to provide your bank statements instead of traditional income documents for loan approval. This flexibility can save time and simplify the application process. Secondly, a 12 month bank statement loan typically has more lenient credit score requirements compared to traditional loans. This can be beneficial for individuals who may not have a perfect credit history but have a stable income. Additionally, the approval process for this type of loan is often quicker, allowing you to secure financing faster. Furthermore, these loans offer competitive interest rates and terms, making them a cost-effective financing option. Borrowers can benefit from fixed or adjustable rates, depending on their preference and financial goals.
Benefits of a 12 Month Bank Statement Loan in Scurry, Texas
