Get Approved at The Lowest Rate
Traditional mortgage requirements in West Hills, 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 Hills, 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 Hills, 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 Hills, 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 Hills, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in West Hills, 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 Hills, 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 Hills, 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 Hills, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in West Hills, 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.
When considering a 12-month bank statement loan in West Hills, California, one of the key benefits is the flexibility it offers to self-employed individuals or those with non-traditional income sources. These loans rely on bank statements rather than tax returns, making it easier for borrowers to qualify. Demographically, West Hills is a diverse and thriving community situated in the San Fernando Valley. The area attracts residents of various ages and backgrounds, contributing to a vibrant and inclusive atmosphere. With access to quality schools and recreational facilities, West Hills is an ideal place to raise a family. In terms of the housing market, West Hills offers a range of housing options from spacious single-family homes to modern condos. The market is competitive, with a steady appreciation in property values over the years. Despite this, the community maintains a strong sense of neighborhood pride and a tight-knit community feel. West Hills boasts several main attractions, including the Chatsworth Reservoir, Shadow Ranch Park, and the nearby Santa Susana Pass State Historic Park. Outdoor enthusiasts can enjoy hiking, biking, and picnicking in these beautiful natural settings, while those interested in history can explore the rich cultural heritage of the area.
Benefits of a 12 Month Bank Statement Loan in West Hills, California
