An alternative, minimal documentation self-employed income program that does not require the use of tax returns for qualifying.  This program allows borrowers to use 1099 forms to demonstrate income received during the tax year. 

Target borrowers may include consultants, contract workers, real estate agents, Uber drivers, etc. 

• Loan amounts as high as $4,000,000

• 85% LTV OK to $2,000,000

• Expense factors as low as 10% of the gross 1099 income

• Cash out available

• < 1 year self employed considered

• Permanent rate buydowns available

• Current check stub or bank statement needed to support ongoing current income