Mortgage learning center

A 1099 mortgage lets an independent contractor or freelancer qualify using 1099 income and tax returns instead of W-2 pay stubs, but lenders generally want...

A 1099 loan's cost depends heavily on which path you use: standard tax-return-based underwriting gets conventional pricing with 3-5% down, while a dedicated 1099-only program...

The right 1099 lender should be transparent about how much of your gross 1099 income they use to calculate qualifying income, whether a 1099 loan...

The most common first-time home buyer mistakes happen after preapproval, not before it. Taking on new debt, making a large purchase, changing jobs, letting multiple...

The most common 1099 mortgage mistakes include mixing personal and business finances in one account, submitting incomplete tax return documentation, and failing to explain a...

Both 1099 loans and bank statement loans help self-employed borrowers qualify without W-2 income, but a 1099 loan uses reported contract income averaged over 1-2...

Yes, you can get a mortgage with 1099 income and no W-2 at all. Lenders treat 1099 income differently since standard 1099 income is counted...

The most common P&L mortgage problems are mixing personal and business expenses, submitting a self-prepared P&L when CPA preparation is required, failing to explain a...

A P&L mortgage is a home loan that lets self-employed borrowers qualify using a profit and loss statement instead of tax returns or W-2s, sitting...