NO Tax Returns or Bank Statements Needed
1099 Only Loans
Our Simple Access® Non-QM 1099 Only loan is an excellent solution for those that receive compensation in the form of commission or independent contractor basis and receive an IRS form 1099 at year-end. Qualification is determined solely on the last two years of your 1099 forms.
- Loan amounts to $3.5M
- Fixed and adjustable rate mortgages
- No tax returns or bank statements required
- Mortgage Insurance not required
- All occupancy types (Primary residence, second home or investment property)
- Must provide most recent 1 or 2 years of 1099’s
- Funds can be in checking, savings, money market accounts, marketable securities, or retirement accounts
- Credit scores down to 620 (Subject to loan amount and loan-to-value (LTV) restrictions)
- Debt-to-income ratio up to 55 allowed
Get in touch.
We’re here to answer any question you may have about 1099 Only Loans or any of our other mortgage programs.
Call us today: (888) 379-0303
Four Landmark Sq. Suite 300
Stamford, CT 06901