Get Approved at The Lowest Rate
Traditional mortgage requirements in Shasta, 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 Shasta, 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 Shasta, 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 Shasta, 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 Shasta, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Shasta, 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 Shasta, 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 Shasta, 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 Shasta, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Shasta, 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.
1. Flexible Approval Process: A 12-month bank statement loan offers a more flexible approval process compared to traditional mortgages, making it suitable for self-employed individuals or those with non-traditional income sources. 2. Minimal Documentation: With this type of loan, there is a reduced need for extensive documentation, making the application process quicker and more straightforward. 3. Access to Financing: This loan provides an opportunity for individuals who may not qualify for conventional loans to access the financing needed to purchase a home in Shasta, California. Demographics Shasta, California, is a diverse community with a mix of residents from different backgrounds and age groups. The population includes both families and retirees, contributing to a vibrant and inclusive atmosphere. Housing Market The housing market in Shasta, California, offers a variety of options, from cozy single-family homes to spacious estates. The market is stable, with moderate appreciation rates, making it an attractive location for both buyers and sellers. Main Attractions Shasta, California, boasts stunning natural beauty, with attractions such as Shasta Lake, Mount Shasta, and Whiskeytown National Recreation Area. Additionally, the area offers outdoor activities like hiking, fishing, and boating, making it a desirable place to live for nature enthusiasts.
Benefits of a 12 Month Bank Statement Loan in Shasta, California
