Get Approved at The Lowest Rate
Traditional mortgage requirements in Texhoma, 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 Texhoma, 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 Texhoma, 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 Texhoma, 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 Texhoma, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Texhoma, 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 Texhoma, 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 Texhoma, 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 Texhoma, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Texhoma, 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.
Benefits of a 12-Month Bank Statement Loan: A 12-month bank statement loan in Texhoma, Texas provides a flexible financing option for borrowers with non-traditional income streams. It allows self-employed individuals or those with variable income to qualify for a mortgage based on their average bank deposits over the past year. Demographics: Texhoma, Texas, a small town with a population of approximately 800 residents, offers a tight-knit community atmosphere. The majority of residents are families with a median household income slightly above the national average. The town boasts a diverse population with a mix of ages and backgrounds. Housing Market: The housing market in Texhoma presents opportunities for both buyers and sellers. With a range of affordable homes and a low cost of living, Texhoma appeals to first-time homebuyers and those looking to downsize. The market is stable, offering potential for property appreciation over time. Main Attractions: Beyond its housing market, Texhoma has several main attractions that draw visitors and residents alike. From the beautiful Texhoma Lake, perfect for fishing and boating, to the historic Main Street lined with charming shops and cafes, there is always something to explore in this Texan town.
Exploring Texhoma, Texas with a 12-Month Bank Statement Loan
