What is a 1099 Only Loan?

What is a 1099 Only Loan?

There are many benefits to being a gig worker, independent contractor, or freelancer, including flexible hours, financial freedom, being your own boss, a sense of ownership, security, and having a more balanced lifestyle. But one financial drawback for non-traditional...
Have Uneven Income? You can Still Qualify for a Mortgage

Have Uneven Income? You can Still Qualify for a Mortgage

Not a W-2 earner? Not everyone is. And sometimes a conventional mortgage loan isn’t the answer to your unique work situation. Self-employed, independent contractors, gig workers, commissioned-based employees, landlords, or anyone else who does not have a standard W-2...
How do I know if I qualify for a Non-QM loan?

How do I know if I qualify for a Non-QM loan?

Conventional loans may not be the best-fit mortgage for everybody; borrowers with unique financial circumstances may have difficulty qualifying based on conventional lending requirements. The good news is non-qualified mortgages, or Non-QM loan products, are designed...
Simple Access Programs: Setting Self-Employed, Investors & Independent Contractors Up for Success

Simple Access Programs: Setting Self-Employed, Investors & Independent Contractors Up for Success

When it comes to financing a home mortgage, borrowers may not always think outside the box. Conventional, FHA, VA, and USDA loans are on everyone’s radar. But not everyone fits into those boxes. Self-employed, property investors, and contractors may have good credit,...
Home Loans for Freelancers in a Gig Economy

Home Loans for Freelancers in a Gig Economy

The number of freelancers or self-employed workers in the U.S. is steadily increasing. The freelance life is very appealing to those who want flexibility in their schedules and more control over their careers, but the choice to be your own ‘CEO’ can complicate getting...