Get Approved at The Lowest Rate
Traditional mortgage requirements in Wallis, 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 Wallis, 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 Wallis, 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 Wallis, 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 Wallis, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Wallis, 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 Wallis, 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 Wallis, 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 Wallis, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Wallis, 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.
Wallis, Texas offers a unique opportunity for individuals seeking a 12-month bank statement loan. One of the main benefits is the flexibility it provides to self-employed individuals who may not have traditional income documentation but can show consistent deposits in their bank statements. This type of loan allows them to qualify based on their bank statements, utilizing their income to secure financing. Demographically, Wallis is a small town located in Austin County, Texas, with a population of approximately 1,252 residents. The town has a mix of age groups, with a median age of 36 years. The community is close-knit, offering a sense of belonging and a strong support system for its residents. The housing market in Wallis is attractive for buyers interested in a more rural setting while still being close to metropolitan areas like Houston. It offers a mix of single-family homes and larger properties, catering to various preferences. The affordability of homes in Wallis makes it an appealing option for first-time homebuyers or those looking to downsize. Some main attractions in Wallis include the Wallis City Park, which offers recreational facilities for families, and the Wallis Railroad Museum, showcasing the town's rich history. Residents also enjoy local dining options and community events that bring everyone together.
Benefits of a 12-Month Bank Statement Loan in Wallis, Texas
