Get Approved at The Lowest Rate
Traditional mortgage requirements in Waco, 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 Waco, 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 Waco, 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 Waco, 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 Waco, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Waco, 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 Waco, 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 Waco, 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 Waco, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Waco, 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.
One of the key advantages of a 12-month bank statement loan in Waco, Texas is the flexibility it offers for self-employed individuals or those with non-traditional income sources. This type of loan considers your bank statements to determine your income, making it easier to qualify for a mortgage. In terms of demographics, Waco, Texas has a diverse population with a mix of young professionals, families, and retirees. The city has a vibrant cultural scene, with a growing economy that attracts residents from different backgrounds. When it comes to the housing market in Waco, Texas, there is a range of options available, from historical homes in established neighborhoods to modern developments. The market is relatively stable, offering affordable housing compared to larger cities in Texas. Some of the main attractions in Waco include the famous Magnolia Market at the Silos owned by Chip and Joanna Gaines, the historic Cameron Park Zoo, and the scenic views along the Brazos River. The city offers a blend of outdoor and cultural activities for residents and visitors alike.
Benefits of a 12-Month Bank Statement Loan in Waco, Texas
