loans for only 1099 income?

You do not have to have w-2's Brock. We can help you. I work with 1099er's all the time. Call us today. (214) 945-1066

Good afternoon,We would love to help you with your mortgage needs. We can use 1099 income as qualifying income. We would need to look at the last two years of tax returns and 1099's.

Please feel free to reach us at 972-278-3400. Have a great day!

We would take the average of the past 2 years and use that to qualify you for a mortgage. If you depreciate your income heavily, we have a couple of outside of the box options as well. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been lending nationwide since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

You will be treated as a self employed borrower and your income is essentially what you show on your tax return after business expenses. Some deductions are added back in. Not a big deal, mortgage lenders deal with it all the time - as long as you show enough income to qualify for the mortgage you want. Good Luck!

The only time self employed borrowers will have a problem is when they don't show enough adjusted gross income to qualify.. so long as you have sufficient income to service all your debt including the new mortgage and be within the industry accepted debt to income ratios, you should be fine assuming you meet all other eligibility requirements. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

When you get a 1099, you are considered self-employed. The mortgage industry will require seeing your last two-years Federal Tax Returns. We will see what you reported for income, subtract out any expenses you write-off, and the remainder will be averaged over the past two-years to determine your monthly income. Follow this link for a good article on getting a self-employed loan - http://joemetzler.com/self_employed_homebuyers.htm

The information the others have provided is excellent information. To get fully qualified, you will need k1's, 2 years of business and personal tax returns, 2 months bank statements, any investment or retirement statement, copy of drivers license, sometimes they will ask for a copy of business license,One of the biggest factors will be to see how much money you make on the tax returns. If there are a ton of deductions you have taken to show you make little or next to nothing, then it will be more difficult to get you approved. I would get references of whom to use in your area and set an appt to go over the recommended documentation and get fully pre-qualifed.