Get Approved at The Lowest Rate
Traditional mortgage requirements in Sterling City, 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 Sterling City, 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 Sterling City, 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 Sterling City, 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 Sterling City, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Sterling City, 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 Sterling City, 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 Sterling City, 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 Sterling City, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Sterling City, 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 Sterling City, Texas offers self-employed individuals and small business owners an alternative way to secure financing without traditional income verification, making the loan process faster and more streamlined. Demographics in Sterling City, Texas are characterized by a tight-knit community with a population that values a small-town lifestyle. With a strong sense of community, residents enjoy a peaceful and neighborly environment. The housing market in Sterling City, Texas is diverse, with options ranging from historic homes with character to modern developments. The market is stable, offering affordable prices and a variety of housing styles to suit different preferences and budgets. Sterling City, Texas boasts a range of attractions, including scenic parks, outdoor recreational activities, and cultural events. Residents and visitors can enjoy outdoor adventures like hiking and fishing in the picturesque surroundings of the area.
Benefits of a 12 Month Bank Statement Loan in Sterling City, Texas
