Achieve Homeownership with Flexible Income Verification in Three Rivers, TX

Traditional mortgage requirements in Three Rivers, 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.

What is a Bank Statement Home Loan in Three Rivers, TX?

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 Three Rivers, 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.

Credit Score Requirements in Three Rivers, TX

Key Features of Our Bank Statement Home Loan in Three Rivers, TX

1. Flexible Income Verification

Use your bank statements (usually 12 to 24 months) to verify income in Three Rivers, TX instead of traditional documents like tax returns. This flexibility accommodates various income types, including irregular or seasonal earnings.

2. Competitive Loan Amounts

Secure financing for a wide range of loan amounts in Three Rivers, TX, making it easier to purchase your dream home or refinance your existing mortgage.

3. Reasonable Down Payments

Enjoy the benefits of competitive down payment options, ensuring you can invest in your home in Three Rivers, TX without excessive upfront costs.

4. No Private Mortgage Insurance (PMI)

Unlike some conventional loans, our Bank Statement Home Loan in Three Rivers, TX may not require PMI, potentially reducing your monthly payments.

5. Personalized Loan Terms

Benefit from customized loan terms that suit your financial situation and long-term homeownership goals.

Eligibility Requirements

To qualify for a Bank Statement Home Loan, you need to meet the following criteria:

1

Self-Employed or Non-Traditional Income

Ideal for individuals with self-employment income or other non-traditional income sources.

2

Bank Statements

Provide 12 to 24 months of personal or business bank statements in Three Rivers, TX to verify income.

3

Credit Score

A good credit score is typically required, with specific minimums varying based on the loan amount and other factors.

4

Down Payment

Ability to make a competitive down payment in Three Rivers, TX, typically ranging from 10% to 20% of the purchase price.

Why Choose Horizon Lending Services?

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 Three Rivers, TX to ensure you achieve your homeownership dreams.

Non-traditional Income Loan in Three Rivers, TX
Start Your Homeownership Journey Today

Ready to explore the benefits of a Bank Statement Home Loan in Three Rivers, 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.

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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 in Three Rivers, Texas

Obtaining a 12-month bank statement loan in Three Rivers, Texas offers numerous advantages. These loans are ideal for self-employed individuals or small business owners who might not have a traditional W-2 income. By using bank statements as proof of income, applicants have a higher chance of qualifying for a mortgage.

Three Rivers, Texas, is a small town with a population of approximately 1,800 residents. The community is close-knit, offering a friendly and welcoming atmosphere. With a low cost of living compared to larger cities, Three Rivers provides a more affordable housing market and a slower pace of life.

The housing market in Three Rivers is diverse, catering to different preferences and budgets. From charming single-family homes to spacious ranch-style properties, there is a range of options available. The average home price in Three Rivers is lower than the state average, making it an attractive location for first-time homebuyers or those looking to invest in real estate.

While Three Rivers may be a small town, it boasts several attractions worth exploring. The Choke Canyon State Park offers outdoor enthusiasts opportunities for fishing, boating, and hiking. Additionally, the town's historical sites, such as the Three Rivers Historical Museum, provide insights into its rich heritage and culture.

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