If you are self-employed or an independent contractor looking for access to quick funds without having to go through the lengthy loan approval process, our 1099 & WVOE Only loan may be your best option.
Minimum of 600 FICO
Loans up to $4 Million to 70% LTV Max
Purch-R/T up to 90% LTV on 1099
Purchase up to 85% LTV on a WVOE
Cash out max 80% for both 1099 and WVOE
Qualify with 90% of the gross 1099 from last year for both 1 year or 2 year 1099
Recent credit events allowed
ARMs and io options available
Multiple financed properties allowed
No licensing required in allowable states
The 1099 & WVOE program are designed to provide borrowers a streamlined loan qualification method to obtain financing using just their 1099 with a 10% expense ratio or by using their WVOE in place of paystubs and W2's