Our 1099 Mortgage Program is specifically designed to cater to the needs of independent contractors, freelancers, and self-employed individuals who receive income documented on IRS Form 1099. This innovative program allows borrowers to utilize their 1099 forms as proof of income, streamlining the mortgage application process and making it accessible for those with non-traditional income sources.

Key Features of the 1099 Mortgage Program:

• Min Fico of 640
• Max Loan Amount of $4M​
• 1- Year 1099 Accepted​
• Fixed Expense Ratio of 10%
• Cash-out Proceeds May Be Used for Reserves​ Gift Funds Permitted
• Minimum Tradeline Requirement Waived with 3 Credit Scores