Get Approved at The Lowest Rate
Traditional mortgage requirements in Wilmington, 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 Wilmington, 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 Wilmington, 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 Wilmington, 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 Wilmington, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Wilmington, 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 Wilmington, 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 Wilmington, 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 Wilmington, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Wilmington, 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: The 12 month bank statement loan offers flexibility in approval criteria, making it easier for self-employed individuals or those with non-traditional income sources to qualify for a mortgage. 2. Simplified Documentation: With this loan, applicants can use their bank statements to verify income, eliminating the need for extensive paperwork or tax returns, streamlining the application process. 3. Competitive Interest Rates: Despite the relaxed documentation requirements, 12 month bank statement loans often come with competitive interest rates, allowing borrowers to enjoy favorable terms. Demographics: Wilmington, California, is a diverse community with a mix of cultures and backgrounds, offering a vibrant and inclusive atmosphere for residents. Housing Market: The housing market in Wilmington is dynamic, with a range of options from cozy apartments to spacious single-family homes, catering to various preferences and budgets. Main Attractions: Wilmington boasts beautiful outdoor spaces like Banning Park and the Banning Museum, along with proximity to popular beaches and attractions in nearby Long Beach, providing abundant recreational opportunities for residents.
Benefits of 12 Month Bank Statement Loan in Wilmington, California
