1099 Income Loan
1099 income loan works for contractors, self employed borrowers, freelancers and much more.
We can use the 1099 in lieu of your tax returns to qualify for a mortgage. This is a very
underserved area that we focused on helping.
We can use the 1099 in lieu of your tax returns to qualify for a mortgage. This is a very
underserved area that we focused on helping.
Up to 90% LTV, loan to value, No mortgage Insurance Credit scores starting at 600
Benefits
- 90% LTV, loan to value with a 700 mid-score
- 80% LTV, loan to value with 640 mid-score
- Loans up to 3 million, Minimum 200k loan
- 30 year fixed and ARM available
- Owner occupied, second home or investment property allowed
- NO Tax returns required
- Two-year seasoning for foreclosure, short sale, bankruptcy or deed in leu
- One and two-year 1099’s with year-to-date earnings statement
- 1099’s must be from a single employer
- Purchase, cash out or Rate-Term refinance available
- Non-Warrantable condos allowed
