Get Approved at The Lowest Rate
Traditional mortgage requirements in Westwood, 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 Westwood, 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 Westwood, 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 Westwood, 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 Westwood, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Westwood, 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 Westwood, 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 Westwood, 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 Westwood, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Westwood, 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.
1. Flexible Approval Process: A 12-month bank statement loan in Westwood offers a flexible approval process, making it easier for self-employed individuals or those with non-traditional income sources to qualify for a mortgage. 2. Minimal Documentation Required: Compared to traditional loans, this type of loan requires minimal documentation, mainly relying on bank statements to verify income, potentially speeding up the approval process. 3. Higher Loan Amounts: With a 12-month bank statement loan, borrowers may qualify for higher loan amounts based on their bank statements, enabling them to purchase homes that might otherwise be out of reach. Demographics Westwood, California, is a diverse neighborhood with a mix of residents ranging from young professionals and students attending the nearby UCLA campus to families and retirees. The area is known for its cultural vibrancy and academic influence. Housing Market The housing market in Westwood is characterized by a mix of single-family homes, upscale apartments, and condominiums. The real estate prices in the area are relatively high, reflecting the desirability of the neighborhood and its proximity to amenities and employment centers. Main Attractions Some main attractions in Westwood include the iconic Westwood Village, known for its shopping, dining, and entertainment options. The neighborhood is also home to the picturesque Mildred E. Mathias Botanical Garden and the renowned Hammer Museum, making it a cultural hub in Los Angeles.
Benefits of a 12-Month Bank Statement Loan in Westwood, California
