1099

We also offer  the 1099 for income program designed for sole proprietors or contract individuals with payments reported on IRS Form 1099 and included in the borrower’s schedule C.

PROGRAM HIGHLIGHTS

  • 1099s for the most recent 2 years are provided

  • 1099s are from the same single employer for the past 2 years

  • 1099s are validated with a wage and income transcript from the IRS

  • Maximum 50% DTI and 85% LTV, minimum 660 credit score

  • Year-to-date earnings are verified via a YTD paystub, written VOE, or other equivalent third-party documentation

  • No bank statements required

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