Get Approved at The Lowest Rate
Traditional mortgage requirements in Surfside, 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 Surfside, 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 Surfside, 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 Surfside, 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 Surfside, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Surfside, 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 Surfside, 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 Surfside, 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 Surfside, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Surfside, 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.
Obtaining a 12-month bank statement loan in Surfside, California offers numerous advantages for borrowers. This type of loan is ideal for self-employed individuals who may not have traditional income documentation but can provide bank statements to prove their income over the past year. Demographically, Surfside, California is a vibrant coastal community known for its diverse population. The median age of residents is around 42 years old, with a mix of families, young professionals, and retirees calling the area home. The community is well-educated, with a significant percentage of residents holding college degrees. In terms of the housing market, Surfside, California offers a range of real estate options, from cozy beachfront cottages to luxurious waterfront estates. The market is competitive, with high demand for properties in desirable locations. The median home value in Surfside is above the national average, making it an attractive but potentially pricey market for buyers. Main attractions in Surfside, California include its beautiful beaches, renowned surfing spots, and scenic walking and biking trails. The community also boasts a variety of restaurants, shops, and cultural attractions, making it a popular destination for tourists and residents alike.
Benefits of a 12-Month Bank Statement Loan in Surfside, California
