buying a home with a 1099 - MortgageInsider.org https://mortgageinsider.org Thu, 19 Dec 2024 23:06:10 +0000 en-US hourly 1 Unlocking Homeownership with 1099 Income https://mortgageinsider.org/2024/03/26/unlocking-homeownership-with-1099-income/?utm_source=rss&utm_medium=rss&utm_campaign=unlocking-homeownership-with-1099-income https://mortgageinsider.org/2024/03/26/unlocking-homeownership-with-1099-income/#respond Tue, 26 Mar 2024 22:31:55 +0000 https://mortgageinsider.org/?p=1261 If you’re self-employed, navigating the mortgage landscape can be challenging. Traditional lenders often scrutinize tax returns, making it difficult for 1099 workers to qualify. Optionwide® offers an alternative path forward with our 1099 mortgage program. Instead of relying on tax documents, this non-QM loan allows the use 1099 forms as proof of income. Whether you’re a freelancer, contractor,

The post Unlocking Homeownership with 1099 Income first appeared on MortgageInsider.org.

]]> If you’re self-employed, navigating the mortgage landscape can be challenging. Traditional lenders often scrutinize tax returns, making it difficult for 1099 workers to qualify. Optionwide® offers an alternative path forward with our 1099 mortgage program. Instead of relying on tax documents, this non-QM loan allows the use 1099 forms as proof of income. Whether you’re a freelancer, contractor, or gig worker, this flexible mortgage program caters to your unique financial needs. With loan amounts ranging from $150,000 to $4 million, you can finally step into homeownership without the usual income verification hurdles that could add unwanted stress to the process.

How Does the 1099 Mortgage Work?

The 1099 mortgage, offered by Optionwide® Financial, simplifies the process of income verification down to one simple document. Forget about providing extensive tax returns, bank statements, or a W2 — your 1099 earnings statement is all you need. These statements reveal your ongoing pre-tax income, allowing lenders to assess your eligibility without the documentation maze. Whether you’re buying your dream home or refinancing, the 1099 mortgage bridges the gap for self-employed borrowers.

Qualifying for the 1099 Mortgage

To embark on your homeownership journey, gather the following information for your consultation:

  1. 1-2 years 1099 statements
  2. 10%+ down payment
  3. 660 minimum credit score

What you can expect from our consultation call

One of our licensed mortgage bankers will ask a series of qualifying questions to understand your story and figure out how much financing you qualify for. With the information provided, you will be able to make a confident, well-informed decision on the next steps to take. If you are in the market to purchase a home, we will provide a pre-approval letter so you can begin the process of hunting for your dream home. If you are looking to refinance, we can begin the process immediately and close in as little as 30-days.

Ready to get started? Apply here or call for your complimentary no obligation consultation – (877) 644-7385.

Source: 1099HomeLoans.com

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