Get Approved at The Lowest Rate
Traditional mortgage requirements in Woodland Hills, 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 Woodland Hills, 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 Woodland Hills, 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 Woodland Hills, 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 Woodland Hills, CA without excessive upfront costs.
Unlike some conventional loans, our Bank Statement Home Loan in Woodland Hills, 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 Woodland Hills, 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 Woodland Hills, 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 Woodland Hills, CA to ensure you achieve your homeownership dreams.
Ready to explore the benefits of a Bank Statement Home Loan in Woodland Hills, 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. Flexibility: A 12-month bank statement loan in Woodland Hills offers self-employed individuals the flexibility to qualify for a mortgage based on their bank statements rather than traditional income documentation. 2. Quick Approval: These loans typically have a quicker approval process as they focus on bank statements and credit history rather than tax returns and employment verification. 3. Opportunity for Homeownership: For those who may have non-traditional income sources or inconsistent revenue streams, a bank statement loan provides an opportunity for homeownership in Woodland Hills, a desirable location in California. Demographics of Woodland Hills, California Woodland Hills is a diverse neighborhood in the San Fernando Valley region of Los Angeles, with a mix of families, young professionals, and retirees. The median household income is above the national average, reflecting a relatively affluent community. Housing Market in Woodland Hills, California The housing market in Woodland Hills is competitive, with a mix of single-family homes, townhouses, and apartments. The median home value is higher than the national average, but the area offers a variety of housing options to suit different needs and budgets. Main Attractions in Woodland Hills Woodland Hills is known for its beautiful parks and outdoor recreational areas, such as Topanga State Park and Warner Center Park. The area also boasts a vibrant dining scene, upscale shopping centers, and easy access to nearby beaches and cultural attractions in Los Angeles.
Benefits of a 12 Month Bank Statement Loan in Woodland Hills, California
