Get Approved at The Lowest Rate
Traditional mortgage requirements in Simi Valley, 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 Simi Valley, 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 Simi Valley, 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 Simi Valley, 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 Simi Valley, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Simi Valley, 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 Simi Valley, 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 Simi Valley, 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 Simi Valley, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Simi Valley, 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.
One of the main benefits of a 12-month bank statement loan in Simi Valley, California, is the flexibility it offers to self-employed individuals or those with non-traditional income sources. This type of loan allows borrowers to use bank statements as proof of income, making it easier to qualify for a mortgage. Demographically, Simi Valley is a diverse city located in Ventura County, California, with a population of around 126,181 residents as of the last census. The city has a mix of urban and suburban areas, providing residents with a balanced lifestyle that includes access to both urban amenities and natural beauty. In terms of the housing market, Simi Valley offers a range of housing options, from single-family homes to townhouses and condos. The market is currently stable, with a median home price of $617,000. With a variety of neighborhoods to choose from, prospective buyers can find a home that suits their needs and preferences. Main attractions in Simi Valley include the Ronald Reagan Presidential Library, a popular tourist destination that offers exhibits on the life and legacy of the former president. Additionally, the city is surrounded by scenic hiking trails, parks, and recreational areas, making it an ideal place for outdoor enthusiasts.
Benefits of a 12 Month Bank Statement Loan in Simi Valley, California
