Get Approved at The Lowest Rate
Traditional mortgage requirements in Winona, 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 Winona, 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 Winona, 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 Winona, 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 Winona, TX without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Winona, 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 Winona, 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 Winona, 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 Winona, TX to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Winona, 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.
One of the key benefits of a 12-month bank statement loan in Winona, Texas is the flexibility it offers for self-employed individuals or those with non-traditional income sources. These loans allow applicants to use their bank statements as proof of income, enabling a more inclusive approach to lending. Winona, Texas, is a town with a diverse demographic mix. With a population of approximately 500 residents, Winona is known for its tight-knit community and friendly atmosphere. The town boasts a mix of age groups and occupations, making it a welcoming place for individuals and families alike. When it comes to the housing market, Winona offers a range of options from quaint single-family homes to spacious rural properties. The town's real estate market is relatively stable, with affordable housing options available for first-time buyers and those looking to invest in property. Main attractions in Winona include its stunning natural landscapes, such as Tyler State Park, which offers hiking, camping, and fishing opportunities. Additionally, the town is home to charming local shops, restaurants, and community events that showcase the unique character of Winona.
Benefits of 12-Month Bank Statement Loan in Winona, Texas
