Get Approved at The Lowest Rate
Traditional mortgage requirements in West Covina, CA 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 West Covina, CA 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 West Covina, CA 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 West Covina, CA, 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 West Covina, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in West Covina, CA 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 West Covina, CA 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 West Covina, CA, 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 West Covina, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in West Covina, CA? 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.
Obtaining a 12-month Bank Statement Loan in West Covina, California comes with a myriad of advantages. Firstly, these loans are ideal for self-employed individuals whose income may not be easily verifiable through traditional means. Demographically, West Covina boasts a diverse population with a blend of different ethnicities, making it a culturally rich and vibrant community. The city is home to a mix of both young professionals and families, creating a dynamic and inclusive atmosphere. When it comes to the housing market, West Covina offers a range of options from single-family homes to modern apartments. The market is competitive but with the assistance of a Bank Statement Loan, potential homeowners have more flexibility and opportunity to secure their dream property. Main attractions in West Covina include the popular Westfield West Covina Mall for shopping enthusiasts, the beautiful Galster Wilderness Park for nature lovers, and the Hurst Ranch Historical Center for those interested in the local history and heritage.
Benefits of a 12 Month Bank Statement Loan in West Covina, California
