Get Approved at The Lowest Rate
Traditional mortgage requirements in Taft, 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 Taft, 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 Taft, 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 Taft, 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 Taft, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Taft, 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 Taft, 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 Taft, 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 Taft, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Taft, 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.
1. Flexible Approval Process: A 12-month bank statement loan in Taft, California offers a flexible approval process that considers your bank statements as proof of income, allowing self-employed individuals or those with non-traditional income sources to qualify. 2. Quick Processing: These loans typically have a quicker processing time compared to traditional mortgages, making them ideal for those looking to secure financing efficiently. 3. Higher Loan Amounts: Depending on the bank and your financial history, you may qualify for a higher loan amount through a bank statement loan, potentially enabling you to invest in a more substantial property or secure better terms. Demographics: When considering Taft, California, it's essential to note that the city has a population primarily composed of working-class individuals, with a median household income slightly below the national average. Housing Market: Currently, Taft's housing market offers affordable options for buyers, with a diverse range of properties including single-family homes, apartments, and townhouses. The market is stable, presenting opportunities for buyers and investors alike. Main Attractions: Some main attractions in Taft include the Taft Oilworker Monument, which pays tribute to the city's oil industry heritage, and the West Kern Oil Museum, offering insights into the region's oil production history.
Benefits of a 12-Month Bank Statement Loan in Taft, California
