1099 Loan
Qualify borrowers with 1099 Statements & YTD bank statements in lieu of Tax Returns. Our 1099 Income Loans are for Self-Employed borrowers such as Contractors, Freelancers, Gig-Economy workers or other self-employed borrowers who typically don’t qualify for Agency solutions. Our 1099 Loan allows for loan amounts up to $3M.*
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$2M Loan Amount
Up to 6 loans, or $5M, with one lender. No max cash-out. Low Ratio 0.8 to 1.0, with 1.20 or better seeing the best rates.
80% LTV
Up to 80% LTV. First time buyer/investor OK. 100% Gift Funds allowed. No minimum Borrower contribution.
1-4 Units
DSCR can be used to purchase 1-5 units. 5-8 units OK on our commercial product. Please inquire.
Highlights:
- Max Loan Amount $3 million
- Min 660 Credit Score
- Cash in hand Unlimited
- 12 or 24 Months Business, Personal or Both Ok
- 1099 plus YTD earnings Ok
- Primary, 2nd Home & Investor Properties
- No LTV Restrictions for Condos
- Non Warrantable Condos OK
- Up to 85% LTV – Exceptions possible
- Gift of Equity Ok on Primary Homes
- Interest Only Options Available
- Max 6 loans or $5M – which ever comes first
*Not all self-employed borrowers will qualify. Self-employment must be for services provided by the borrower.
1099 Loan
Qualify borrowers with 1099 Statements & YTD bank statements in lieu of Tax Returns. Our 1099 Income Loans are for Self-Employed borrowers such as Contractors, Freelancers, Gig-Economy workers or other self-employed borrowers who typically don’t qualify for Agency solutions. Our 1099 Loan allows for loan amounts up to $3M.*
$2M Loan Amount
Up to 6 loans, or $5M, with one lender. No max cash-out. Low Ratio 0.8 to 1.0, with 1.20 or better seeing the best rates.
80% LTV
Up to 80% LTV. First time buyer/investor OK. 100% Gift Funds allowed. No minimum Borrower contribution.
1-4 Units
DSCR can be used to purchase 1-5 units. 5-8 units OK on our commercial product. Please inquire.
Highlights:
- Max Loan Amount $3 million
- Min 660 Credit Score
- Cash in hand Unlimited
- 12 or 24 Months Business, Personal or Both Ok
- 1099 plus YTD earnings Ok
- Primary, 2nd Home & Investor Properties
- No LTV Restrictions for Condos
- Non Warrantable Condos OK
- Up to 85% LTV – Exceptions possible
- Gift of Equity Ok on Primary Homes
- Interest Only Options Available
- Max 6 loans or $5M – which ever comes first
*Not all self-employed borrowers will qualify. Self-employment must be for services provided by the borrower.