Miami Mortgage Broker
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.
Up to 90% LTV, loan to value, No mortgage Insurance Credit scores starting at 600
Self-Employed
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.
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
