New Valor 1099 Income Loan Programs
Valor Lending Group has the new 1099 income loan programs you have been searching for!
Are you a self employed 1099 worker looking to acquire a mortgage loan?
Valor Lending Group has got you COVERED!
1099 Income Loan Programs
Very Often, a 1099 income loan program is beneficial and another amazing solution for self-employed 1099 workers. This can also include gig workers, contractors, freelancers and self-employed borrowers. Individuals that file W-9s run into issues qualifying for conventional mortgage loans, therefore, 1099 loan programs allow these individuals to use their 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
- When, loan amounts are greater than or equal to $1,500,000, a borrower paid second appraisal is required.
VALOR LENDING GROUP OFFERS EVERY MORTGAGE LOAN IN THE BOOK!O
If you would like to discuss more details on qualification and requirements, I am available to answer any questions you may have. Call or Email me 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
- Rental Property Loan – No tax returns or DTI calculation! Based on subject property cash flow – No DSCR Coverage needed!
- 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)
- 10% down Jumbo’s up to $1.5mm
- 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)
Other Programs we Offer:
- Conventional Conforming Loans
- High Balance Conforming
- Jumbo Loan Financing |10% down Jumbo to $1.5mm
- FHA, USDA
- Reverse mortgages up to $1 Million Value
- Cash Out Refinancing
We look forward to the opportunity to serve you!
