Traditionally qualifying for a mortgage as a freelancer felt impossible. Amish, however, understood the unique challenges of self-employed individuals like myself. He explained 1099 mortgage programs in detail and helped me gather the necessary documentation. Amish's guidance made the process surprisingly smooth, and I finally secured the mortgage I needed to buy my own home.
Freelancer
My consulting work doesn't involve a regular paycheck, and I worried it would prevent me from obtaining a mortgage. Amish, however, provided valuable information about 1099 mortgage programs. He explained how to best present my income history and tax returns to qualify for a loan. Amish's understanding of 1099 mortgages and his commitment to finding solutions made the process successful, allowing me to finally buy a home.
Consultant
Working as a rideshare driver provides flexibility, but securing a mortgage seemed out of reach due to my unconventional income. Amish, however, introduced me to the world of 1099 mortgage programs. He identified lenders that consider alternative income sources and walked me through the qualification process. Thanks to Amish's knowledge and proactive approach, I was able to achieve my dream of home ownership
Rideshare Driver
1099 programs cater to individuals with non-traditional employment arrangements, such as freelancers, consultants, or gig workers, who receive income reported on 1099 tax forms. These programs acknowledge the unique income structure of independent contrac
If you’re one of the many talented individuals who hustle outside the traditional W-2 system, whether you’re a self-employed entrepreneur, a savvy investor, or a skilled independent worker, 1099 mortgage programs can unlock your door to homeownership.
Forget rigid timelines and restrictive income sources. These loans cater to your unique income flows, considering your consistent earning track record over multiple years. So, if you’ve been dreaming of owning your own place, a 1099 mortgage might be the key that unlocks your future.
A minimum of 620 is required to qualify.
Lower DTI (ideally below 43%) indicates better affordability.
Focus on providing at least 2 years of tax returns documenting consistent 1099 income from your freelance work or business.
1099 income for the past two years (tax returns, bank statements, invoices, contracts).
Trust our expertise in navigating the intricacies of 1099 Mortgage Programs.
Enjoy a swift and straightforward journey through our tailored application process.
Secure your mortgage with competitive interest rates specifically designed for 1099 income scenarios.
Your financial structure matters. Experience tailored solutions aligned with the unique aspects of 1099 Mortgage Programs.
A 1099 Mortgage Program is designed for self-employed individuals and professionals who receive income reported on a 1099 form, offering tailored mortgage solutions.
1099 income is considered as a valid source of income in 1099 Mortgage Programs. Lenders may review tax documents, bank statements, and other financial records to assess the stability of the income.
Down payment requirements for 1099 Mortgage Programs vary among lenders. The amount may be influenced by factors such as creditworthiness, financial reserves, and the overall risk profile of the borrower.
No, 1099 Mortgage Programs are available for both first-time homebuyers and those with previous homeownership experience. The focus is on providing tailored financing options for individuals with 1099 income.
Yes, 1099 Mortgage Programs can be used for various property types, including single-family homes, condos, and townhouses. The versatility of these programs allows for a personalized approach to different real estate needs.
The approval timeline for 1099 Mortgage Programs varies among lenders. However, many lenders specialize in efficient processing, aiming to provide swift approvals to accommodate the time-sensitive nature of real estate transactions.