Top Self Employed or 1099 Independent Contractors Loan Program are for business owners and contractors who are not able to disclose certain information on their yearly tax return or that are very aggressive on their tax strategies. 12 to 24 month personal or business bank statements is all we need to prequalify/verify your income. Its that simple! Top California Self Employed or 1099 Independent Contractors Loan Programs are for business owner who is buying their forever home, refinancing rate/term, or pulling out equity from primary or investment property.
Top Self Employed or 1099 Independent Contractors Loan Program Highlights
- 12 and 24 month Bank Statement options available.
- Up to 90% LTV (on Purchases & R/T Refinances)
- Borrower and Lender paid points available.
- Must have 2 years verifiable self employment income.
- No Tax Returns
- No 4506T
What you would need for submission for a Top Self Employed or 1099 Independent Contractors Loan Program Highlights?
- 12-24 Months Bank Statements (business or personal)
- Copy of Business License (3 years)
- CPA Letter (stating you are 100% owner, you have been in business for 2 years and they have done your taxes for two years | Also list your current expense ratio and the CPA License Number)
- Purchase Contract (for purchase)
- Current Mortgage Statement (for refinance)
- Hazard Insurance Dec Page or New Quote for purchase
- Copy of your Driver License (front and back)
Needs for Quote (email Adam the following)
- Property Address
- Purchase Price (for Purchase)
- Property “as is” Value
- Current Balance (for Refinance)
- Total Monthly Rents (confirm if long term or short term Airbnb leases)
- Monthly Taxes and Insurance
- Middle Credit Score
- Vesting in and Entity or Individual name
Other Programs Available
- Hard Money Loans
- Fix and Flip Loans
- Commercial Loans
- Ground Up Construction Loans
- Bridge Loans
- 1-4 Conventional Loans
- Jumbo Loans
- Cross Collateralization
Call me now for immediate attention to your scenario.
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