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Bank Statement or 1099 Underwriting

Our bank statement program allows us to use 12 or 24 months of bank statements in lieu of tax returns to calculate income. This can be a helpful alternative for self-employed purchasers!

Or

Our 1099 program program allows us to utilize 90% of 1099 income, rather than analyzing tax returns to determine expenses and net profit.

This is a conventional 30-year fixed loan and is available starting with a 10%+ down payment.

1-2 years+ of being in business, self-employed, is required.

It’s allowable to provide either 12 months of bank statements to document business income, or 24 months.  24 months will be potentially helpful to document stability of income.

This program is available for primary residences, second homes or investment properties, of one to four units.  The maximum loan amount is $3,500,000.  But higher down payments than 10% are needed once the loan amount rises over $1,500,000.

Pre-Qualify Now: https://ajaffe.firsthome.com/startapp

ajaffe@firsthome.com 240 – 479 – 7658