Get Approved at The Lowest Rate
Traditional mortgage requirements in Skidmore, 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 Skidmore, 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 Skidmore, 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 Skidmore, 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 Skidmore, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Skidmore, 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 Skidmore, 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 Skidmore, 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 Skidmore, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Skidmore, 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 Skidmore, Texas offers numerous benefits. Firstly, applicants with non-traditional income sources can qualify, such as self-employed individuals. Secondly, the application process is typically quicker and more streamlined than traditional loans, providing faster access to funds. Thirdly, these loans often have more flexible approval criteria, making them more accessible to those with unique financial situations. Demographics Skidmore, Texas, has a population of approximately 1,000 residents, with a median age of 42 years. The community is predominantly white, with a small Hispanic population. The town has a strong sense of community, with many local events and gatherings that bring residents together. Housing Market The housing market in Skidmore, Texas, is stable, with a mix of single-family homes and rental properties. The median home price is around $150,000, making it an affordable option for buyers. The market is competitive, with homes typically selling quickly due to high demand in the area. Main Attractions Skidmore, Texas, is known for its rich history and small-town charm. Visitors can explore the local shops and restaurants downtown or take a stroll through the scenic parks and green spaces. The town also hosts various events throughout the year, including fairs, festivals, and cultural celebrations.
Benefits of a 12 Month Bank Statement Loan in Skidmore, Texas
