EASILY QUALIFY NON-EMPLOYEE COMPENSATED BORROWERS

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  Quick Facts

• Perfect for Independent Contractors, Gig Workers, Doctors, Lawyers, Realtors, Uber/Lyft or Truck Drivers or Anyone Receiving 1099 Income​
• Loan Amounts up to $4 Million
• Use up to 90% of 1099 Income for Qualifying
• DTI up to 50%
• 80% LTV for Cash-Out (unlimited cash-out)
• Interest-Only, 30-Year and 40-Year Terms Available
• Primary, 2nd Home or Investment Properties
• 100% Gift Funds OK
• First Time Buyers OK
• Choose From Two Programs (MVP or VIP)
• Combine with Asset Depletion for More Income

  Requirements

• 2 Years Self Employment
• 1 or 2 Years of 1099 
• Min 600 FICO Score
• Max LTV 80% O/O Purchase R/T to $2MM, 75% LTV to $3.0MM
• Fixed Expense Ratio of 10%
• YTD Documentation to Support Continued Income from Same Source
• 2 Appraisals Required for Loans Greater than $2MM
• Reserves 6-12 Months Required

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1099 loans can provide an ideal solution for self-employed individuals, freelancers, entrepreneurs, and other borrowers who do not have W-2 income documentation.

What are the benefits of partnering with us and offering 1099 loans to your borrowers?

1. Flexibility for Self-Employed Borrowers: Traditional mortgage lenders often struggle to assess the income of self-employed individuals accurately. With our 1099 income loans, we take a different approach. By considering the borrower's 1099 income, we can offer you the flexibility you need to get your borrower approved. Whether they are a freelancer or contractor, this loan option opens doors that may have been closed to them before.

2. Simplified Documentation Process: We understand that self-employed individuals may have complex income streams and financial documentation. However, we are well-versed in streamlining the documentation process with the 1099 loan program. Just provide 1 or 2 years of 1099 documentation. With a simple income calculation, the borrowing power can increase significantly.

3. Competitive Advantage: By offering 1099 loans, you differentiate yourself from other mortgage brokers and lenders who may not provide this alternative financing option. This unique offering positions you as a go-to resource for self-employed individuals and entrepreneurs, establishing your reputation as a trusted expert in the mortgage industry.

​Contact us today to learn more about how 1099 loans can elevate your lending capabilities and help grow your business.

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