New 1099 Income Loan Options | Valor Lending Group
VALOR LENDING GROUP HAS THE NEW 1099 INCOME LOAN OPTIONS YOU HAVE BEEN SEARCHING FOR!
Are you a self-employed 1099 working in need of a mortgage loan?
If so, Valor has the loan programs that are specific to your needs!
NO TAX RETURNS REQUIRED!
1099 Income Loan Programs
A 1099 income loan program is beneficial and another amazing solution for self-employed 1099 workers, including gig workers, contractors, freelancers and self-employed borrowers. Individuals that file W-9s run into issues qualifying for conventional mortgage loans. 1099 loan programs allow these individuals to use there 1099 earning statements to qualify for a mortgage loan instead of using tax documents.
1099 Income Loan Program Highlights:
- Owner-Occupied, 2nd Homes, and Investment
- Maximum Loan Amount $7.5M
- Up to 85% LTV
- Credit scores starting at 640
- No tax returns required
- Most recent one or two years 1099 plus year to date earning statement allowed
- Year to date earning statements
- 1099s must be from a single employer
- Borrower must be self-employed working for the same employer for two years
- Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu
- Non-warrantable condos allowed
- Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained
VALOR LENDING GROUP OFFERS EVERY MORTGAGE LOAN IN THE BOOK!
If you would like to discuss more details on qualification and requirements, I am available to answer any questions you may have.
Your loan could be the next loan we fund!
We are standing by for your call TODAY!
Recap of our Loan Products:
- Hard Money Loans (20% down / minimal documentation) Typically Fund in 7-10 days.
- Stated Income Loans (Great for business owners and self employed ) No tax returns!
- 100% financing is available (we can cross collateralize other properties if there is enough equity)
- Valor VA Home Loan 100% financing up to $1.5MM
- Investor Cash Flow Loan – No tax returns or DTI calculation! Based on subject property cash flow
- Flipper & Rehab Loans (Flip a property with one of our many options)
- 2nd Position Loans up to $5mm
- Raw Land & Lot Loans
- Ground up Construction for spec homes, custom homes and commercial ground up.
- Farms, Vineyards, Ranches and Agricultural Properties (25-30% down)
- Manufactured Housing / Mobile Homes (20% down / 600+ credit score)
- Acreage Properties
- Commercial Loans up to $500mm
- 3% & 5% down Conventional Loans– LPMI (Lender paid mortgage insurance)
- Foreign Nationals Loans (no social security or residency required)
We also offer:
- 10, 15, 20, 25, 30 year Fixed, Conventional Conforming Loans
- High Balance Conforming aka Super Conforming
- Jumbo’s to $10 Million / 10% down Jumbo to $1.5mm
- FHA, USDA
- ARM’s
- Reverse mortgages up to $1 Million Value
- Refinance including Cash Out
We look forward to the opportunity to serve you!
**Rates and terms subject to change without notice**
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