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1099 Only Jumbo Loan – 640 Credit Score

1099 Only Super Jumbo Loan Program – $7,500,000

1099 mortgage loan programs accommodate Sole proprietors, Independent Contractors, and Freelance Professionals. Non-Occupying Co-Borrowers OK. On a Cash Out Refinance, you have the option of paying off debt to reduce your DTI and reserve requirements).

1099 Only | Lite Doc Loan (24 Months)

Borrowers can qualify for home purchase and rate/term refinance up to 95% Loan-to-Value (LTV) with a credit score of 680 and Cash Out Refinance up to 90% Loan-to-Value (LTV) with a credit score 0f 720.

1099 Only | Lite Doc Loan (12 Months)

Loan Purpose: Purchase or Rate/Term Refinance:

Credit ScoreLoan-to-Value
72095% LTV
700 90% LTV
72085% LTV
70080% LTV
68075% LTV
66070% LTV
64065% LTV

Loan Purpose: Cash Out Refinance:

Credit ScoreLoan-to-Value
72090% LTV
680 85% LTV
66080% LTV
64075% LTV
62070% LTV
60065% LTV
58060% LTV

Jumbo and Super Jumbo Highlights:

Credit ScoreLoan Amount
720$6,500,000
680 $5,500,000
660$4,000,000
640$3,500,000
620$2,000,000
600$1,500,000
580$1,000,000

Liquid Reserves Requirements:

ReservesLoan Amount
24 Months$7,500,000
24 Months$6,500,000
18 Months$5,500,000
18 Months$4,000,000
12 Months$3,500,000
12 Months$2,000,000
12 Months$1,500,000
12 Months$1,000,000

Underwriting turn time typically 24-48 hours. Same day for quick close

Loan Scenario Form – Credit Check Not Required

Available in the Following States:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Mississippi, Missouri, Nevada, New Jersey, New Mexico, North Carolina, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Utah, Virginia, Washington, and Wisconsin

Alternative Income Documentation

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