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1099 Only Jumbo Loan – 640 Credit Score

Sole Proprietor Borrowers 1099 Only Super Jumbo Loan Program

1099 mortgage loan programs accommodate Sole proprietors/ Independent Contractors/ freelancers with higher loan amounts to 10,000,000

Borrowers can qualify for home purchase and rate/term refinance up to 90% Loan-to-Value (LTV) with a credit score of 660 and up to 90% Loan-to-Value (LTV).

1099 Only – $7,000,000 Loan Amoumt

Purpose/ Credit Score/ Loan-to-Value Highlights

Purchase and Rate/Term Refinance: Credit Score: 660 up to 90% Loan-to-Value

Cash Out Refinance: Credit Score: 660 up to 85% LTV (cash-out can be used to pay off debt to reduce DTI and also for reserve requirements).

Jumbo and Super Jumbo Guideline Highlights

Liquid Assets / Reserves (Months) Requirements

6 Months PITI for Subject Property Only.
Additional reserves not required for additional Real Estate Owned (REO), financed or not.

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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Non-Qualified Lending

Non-Qualified Lenders

Unconventional Lenders