Get Approved at The Lowest Rate
Traditional mortgage requirements in Temecula, 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 Temecula, 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 Temecula, 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 Temecula, 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 Temecula, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Temecula, 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 Temecula, 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 Temecula, 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 Temecula, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Temecula, 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.
One of the key benefits of a 12-month bank statement loan in Temecula, California is the flexibility it offers for self-employed individuals or those with non-traditional income sources. These loans allow applicants to use their bank statements as proof of income, rather than traditional pay stubs or tax returns, making it easier for entrepreneurs and freelancers to qualify for a mortgage. Moreover, these loans typically have a quicker approval process compared to traditional mortgages, making them ideal for those looking to buy a home in a competitive market like Temecula. Additionally, borrowers may be able to secure a higher loan amount compared to traditional methods, enabling them to purchase their dream home or investment property. Temecula, located in Riverside County, has a population that is growing rapidly, attracting families, young professionals, and retirees alike. The city offers a diverse range of housing options, from suburban neighborhoods to rural estates, catering to various lifestyles and preferences.
Benefits of a 12 Month Bank Statement Loan in Temecula, California
