Arizona Loan Options
Arizona Alternative Document 1099 Tax Form Loan
At Pacific Home Loans, we recognize that traditional income documentation doesn’t always reflect a borrower’s true financial strength. That’s why we offer a specialized 1099-Only Loan Program tailored for self-employed professionals and independent contractors in Arizona.
This innovative loan program simplifies the qualification process by exclusively using 1099 tax forms, eliminating the need for pay stubs or W-2s. By leveraging your 1099 income, we provide a streamlined and flexible financing solution designed to help you achieve your homeownership goals.
With Pacific Home Loans, you gain access to inclusive and personalized mortgage options that accommodate non-traditional income structures. Contact us today to explore how our 1099-Only Loan Program can help you secure the home you deserve!
Program Highlights of the 1099 Loan:
No Tax Returns Needed to Qualify.
Perfect for the self-employed borrower on a 1099 who cannot qualify for a full doc (traditional) mortgage loan. The most recent 1099 statements from 1 or 2 years ago will be used to qualify.
Program Highlights:
- Primary Residence, Second Home, or Investment property
- Qualify with most recent 1-2 years’ 1099 form with a YTD earning or bank statement
- 700 FICO = minimum 10% down
- Maximum loan amount: $3,000,000
- Requirement: applicant must be self-employed on a 1099 for last 2 years consecutively with the same company
- Available for purchases, cash-out refinances, and no cash-out refinances
Eligible Property Types:
- Single Family Homes
- Condominiums
- Condotels
- Site Condos
- Airbnb, VRBO, etc.
Loan Terms:
- 5/1 ARM – interest only available
- 7/1 ARM
- 10/1 ARM
- 15-year Fixed
- 30-year Fixed
*These products may have a higher interest rate, more points or more fees than other products requiring documentation.
Information and self-help tools are provided for your independent use and are not intended to provide investment advice. We cannot and do not guarantee loan eligibility or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to speak with one of our experienced loan officers for a loan eligibility analysis and custom rate and payment estimate.
