Get Approved at The Lowest Rate
Traditional mortgage requirements in Waxahachie, 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 Waxahachie, 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 Waxahachie, 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 Waxahachie, 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 Waxahachie, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Waxahachie, 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 Waxahachie, 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 Waxahachie, 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 Waxahachie, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Waxahachie, 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. Flexibility: With a 12-month bank statement loan, self-employed individuals can qualify based on their bank statements rather than traditional income verification, making it easier to secure a mortgage. 2. Quick Approval: These loans typically have faster approval processes compared to traditional loans, allowing borrowers to access funds more quickly. 3. Higher Loan Amounts: Bank statement loans often offer higher loan amounts to self-employed individuals who might have varied income streams and irregular earnings. Demographics Waxahachie, Texas, has a population of approximately 37,000 residents and is known for its diverse community with a mix of families, young professionals, and retirees. Housing Market The housing market in Waxahachie is thriving, with a range of housing options from historic homes to new developments. The median home price is around $250,000, making it an attractive location for first-time buyers and families looking for affordable housing. Main Attractions Waxahachie is famous for its historic downtown area, known for its beautifully preserved Victorian architecture and charming shops. The city also hosts events like the Scarborough Renaissance Festival, drawing visitors from across the region.
Benefits of a 12-Month Bank Statement Loan in Waxahachie, Texas
