Get Approved at The Lowest Rate
Traditional mortgage requirements in Wichita Falls, 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 Wichita Falls, 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 Wichita Falls, 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 Wichita Falls, 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 Wichita Falls, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Wichita Falls, 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 Wichita Falls, 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 Wichita Falls, 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 Wichita Falls, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Wichita Falls, 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.
Applying for a 12-month bank statement loan in Wichita Falls, Texas, can provide numerous advantages. This type of loan is especially beneficial for self-employed individuals or those with non-traditional income sources. With less stringent documentation requirements, borrowers can secure financing based on their bank statements rather than tax returns. When considering Wichita Falls as a location, it's essential to take into account the demographics. The city has a diverse population with a mix of young professionals, families, and retirees. Its affordable cost of living and strong community ties make it an attractive place for individuals looking to settle down and invest in property. The housing market in Wichita Falls offers a range of opportunities for both buyers and sellers. With a stable economy and competitive home prices, individuals can find properties that suit their needs and budget. Additionally, the availability of 12-month bank statement loans can make it easier for potential buyers to navigate the real estate market and secure their dream home. Wichita Falls boasts several main attractions that add to its appeal. From the scenic beauty of Lucy Park to the cultural experiences offered at the Museum of North Texas History, there is something for everyone to enjoy. The city's vibrant arts scene, outdoor recreational options, and family-friendly environment make it a desirable place to live and work.
Benefits of a 12 Month Bank Statement Loan in Wichita Falls, Texas
