Get Approved at The Lowest Rate
Traditional mortgage requirements in Selma, 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 Selma, 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 Selma, 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 Selma, 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 Selma, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Selma, 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 Selma, 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 Selma, 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 Selma, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Selma, 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 Selma, California comes with numerous advantages. This type of loan is ideal for self-employed individuals or those with non-traditional income sources who may find it challenging to provide standard income documentation. Demographics in Selma, California reflect a vibrant and diverse community. The city has a population of approximately 25,000 residents, with a mix of cultures and backgrounds creating a rich tapestry of experiences. The median age in Selma is 31.6 years, making it a youthful and dynamic place to live. The housing market in Selma, California offers a range of opportunities for potential buyers. With a median home price of $232,000, Selma provides affordable housing options compared to neighboring cities. The real estate market is stable, and the city boasts a variety of housing styles to suit different preferences and budgets. Main attractions in Selma, California cater to residents and visitors alike. The city is known for its historical downtown area, offering charming shops and restaurants. Additionally, Selma is located near recreational areas such as Kings Canyon and Sequoia National Parks, providing ample opportunities for outdoor adventures.
Benefits of a 12 Month Bank Statement Loan in Selma, California
