If you have a 1099 job (they don’t take taxes out of your check), and for some reason you can’t submit tax returns to get a mortgage – there is hope.
We have a 1099 program. You just submit your last two years of 1099s, and we can do a loan from this income documentation.
Few notes on the 1099 program…
1) Can go up to 90% loan to value ratio.
2) Minimum loan amount $100,000.
3) Need 6 months reserves at closing.
4) Seller concessions up to 3%.
5) Need a two year employment history.
6) Can be used for purchase, and refinance.
If you get 1099’s, but can’t use a tax return to get a loan – here is an option for you!
Contact our office to see how we can help you.
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