1099 Loan Program: Hawaii & California

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:

• Available in Hawaii and California
• 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

*These products may have a higher interest rate, more points or more fees than other products requiring documentation.