Get Approved at The Lowest Rate
Traditional mortgage requirements in Stephenville, 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 Stephenville, 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 Stephenville, 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 Stephenville, 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 Stephenville, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Stephenville, 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 Stephenville, 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 Stephenville, 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 Stephenville, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Stephenville, 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.
A 12-month bank statement loan in Stephenville, Texas offers self-employed individuals or those with non-traditional income streams the ability to secure financing based on their bank statements instead of tax returns. This flexible option can be advantageous for those who have fluctuations in their income or multiple income sources. Demographics Stephenville, Texas, is a vibrant community with a population that is a mix of young professionals, families, and retirees. The median age is around 29 years old, making it a lively and dynamic city. The cost of living is reasonable, contributing to its appeal to a diverse range of residents. Housing Market The housing market in Stephenville offers a variety of options, from cozy single-family homes to spacious ranch-style properties. The median home price is affordable, making homeownership accessible to many. With steady appreciation rates, investing in real estate in Stephenville can be a smart financial move. Main Attractions Stephenville boasts a charming downtown area filled with local shops, restaurants, and entertainment venues. Nature lovers can explore nearby parks and hiking trails, while history buffs can visit the Stephenville Historical Museum. The city's strong sense of community and welcoming atmosphere make it a great place to call home.
Benefits of a 12-Month Bank Statement Loan
