Get Approved at The Lowest Rate
Traditional mortgage requirements in West Sacramento, 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 Sacramento, 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 Sacramento, 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 Sacramento, 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 Sacramento, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in West Sacramento, 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 Sacramento, 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 Sacramento, 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 Sacramento, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in West Sacramento, 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.
One of the key benefits of a 12-month bank statement loan in West Sacramento, California, is the flexibility it offers to self-employed individuals or small business owners. This type of loan allows applicants to use their bank statements as proof of income, making it easier to qualify without traditional income verification methods. Additionally, the 12-month bank statement loan can help borrowers who may have irregular income streams or seasonal fluctuations in their earnings. This loan product takes into account the overall financial health of the applicant based on their bank statements over the past year, rather than focusing solely on their tax returns or pay stubs. Furthermore, in West Sacramento, California, where the housing market is competitive, a 12-month bank statement loan can provide alternative financing options for individuals who may not meet the stringent requirements of conventional loans. This can give potential homebuyers a greater chance to secure a property in a desirable location.
Benefits of 12 Month Bank Statement Loan in West Sacramento, California
