Get Approved at The Lowest Rate
Traditional mortgage requirements in Tehachapi, 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 Tehachapi, 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 Tehachapi, 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 Tehachapi, 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 Tehachapi, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Tehachapi, 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 Tehachapi, 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 Tehachapi, 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 Tehachapi, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Tehachapi, 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.
A 12 Month Bank Statement Loan in Tehachapi, California offers flexibility for self-employed individuals who may not have traditional income documentation. It provides an alternative for those with irregular income patterns or multiple revenue streams. Demographics in Tehachapi include a population of approximately 14,000 residents. The city has a diverse community with a median age of 36 years, and a mix of families, professionals, and retirees contributing to a vibrant local culture. The housing market in Tehachapi is experiencing steady growth, with a median home price of $315,000. The area offers a range of housing options, from cozy single-family homes to spacious ranch-style properties, catering to various preferences and budgets. Main attractions in Tehachapi include the Tehachapi Loop, a famous rail track featuring an engineering marvel, attracting train enthusiasts from around the world. Additionally, the beautiful Tehachapi Mountains offer hiking, camping, and stunning views for outdoor enthusiasts.
Benefits of a 12 Month Bank Statement Loan in Tehachapi, California
