1099 Mortgage
Power Your Homeownership Journey with 1099 Mortgages
Dedicated Mortgage Solutions for Independent Contractors
Pros of 1099 Mortgages
1
Designed for 1099 Workers
Tailored to the unique needs of independent contractors, freelancers, and self-employed professionals.
2
Flexibility and Ease
No need to worry about W-2 forms or consistent work history. Your 1099 forms are all we need.
3
Fast Closings
Our process for 1099 mortgages involves fewer restrictions, leading to quicker closings.
Cons of 1099 Mortgages
1
Higher Cost
Compared to conventional mortgages, 1099 mortgages could come with slightly higher costs.
2
Potential Prepayment Penalty
Although fully disclosed and optional, opting out of a prepayment penalty may slightly increase the cost.
Key Issues That Will Get Early Attention
1
Determine Eligibility
Let's examine your 1099 income to verify your eligibility for a 1099 mortgage.
2
Understand Income Calculation
We'll explain how we calculate your income based on your 1099 forms.
3
Prepare Necessary Documentation
We'll guide you through gathering the necessary documentation for a smooth application process.
4
Explore Your Options
Let's look at all your loan options to find the one that fits best with your financial situation.
