Get Approved at The Lowest Rate
Traditional mortgage requirements in Tyler, 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 Tyler, 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 Tyler, 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 Tyler, 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 Tyler, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Tyler, 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 Tyler, 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 Tyler, 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 Tyler, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Tyler, 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.
1. **Flexible Approval:** A 12-month bank statement loan offers flexibility in qualifying, especially for self-employed individuals or those with non-traditional income sources. 2. **Minimal Documentation:** Compared to traditional mortgage loans, this type of loan requires less paperwork, making the application process quicker and more convenient. 3. **Customized Terms:** Borrowers can benefit from tailored loan terms to fit their financial situation, potentially offering lower down payments or interest rates. Demographics of Tyler, Texas Tyler, Texas, has a population of approximately 106,000, with a median age of 33 years. The city boasts a diverse community, with a blend of cultures and backgrounds contributing to its vibrant atmosphere. Housing Market in Tyler, Texas The housing market in Tyler, Texas, is thriving, with a median home value of $180,000. The market offers a mix of affordable and luxury residences, catering to various preferences and budgets. Main Attractions in Tyler, Texas From the renowned Tyler Roses to the vibrant Azalea Trails, Tyler offers picturesque natural beauty. The city is also home to the historic Goodman-LeGrand House and Museum, providing a glimpse into its rich heritage.
Benefits of a 12 Month Bank Statement Loan in Tyler, Texas
