The path to homeownership as an independent contractor can be a little more challenging as you’re both a business owner and employee, which is why you should consider a 1099 program to finance your dream home.
What is a 1099 Program?
This home loan was designed for independent contractors and employees earning 1099 wages who cannot meet the traditional income verification methods of a conventional loan. The lender will use the borrower’s 1099 forms instead of tax returns
Anyone who receives an income that is reported on a 1099 form can benefit from this type of mortgage. This will include independent business owners, freelancers, contractors and individuals who have a lot of tax write-offs.
What You’ll Need to Apply
- Two years of 1099 forms
- Gift funds for assets, down payments are allowed
The exact application requirements will depend on the lender.
Apply for a 1099 Program Loan with Avanti Lending
Get your home mortgage started with experts in the industry. At Avanti Lending, we offer our clients tailored solutions at competitive rates. Get your application started by contacting us at (954) 440-6274
Fast & Easy 1099 Program Loan Rate Quotes
Get your FREE customized quote here!
