Understanding 1099 Only Mortgage and Its Benefits
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Introduction to 1099 Only Mortgage
The 1099 Only Mortgage is a specialized loan designed for self-employed individuals or independent contractors who receive income through 1099 forms instead of W-2s. This mortgage option allows you to qualify for a home loan based on your 1099 income, without needing traditional tax returns or complex documentation. It’s an ideal solution for those with non-traditional income sources.
Benefits of 1099 Only Mortgage
- Simplified Qualification: Qualify based on your 1099 income alone, making it easier to secure a loan.
- Flexible Documentation: Reduced paperwork compared to conventional loans, catering specifically to self-employed individuals.
- Tailored Loan Solutions: Competitive interest rates and flexible terms designed to meet your unique financial needs.
- Homeownership Access: Opens the door to homeownership for those with non-W-2 income, providing a viable path to buying a home.
Take the Next Step with Southeast Funding Group
Call Lazaro Sosa directly at 305.281.2245 for a free consultation or apply online. Let’s discuss how a 1099 Only Mortgage can help you achieve your homeownership goals with customized loan solutions and expert guidance.