Bank statement
Bank statement loans use bank statements as proof of income, benefiting self-employed and non-traditional income individuals. They simplify the mortgage qualification process, offer flexibility for irregular incomes, and provide faster approval and closing times, making them ideal for competitive real estate markets
1099 only
1099-only loans streamline income verification, accepting 1099-MISC forms for proof of income. This aids self-employed individuals, contractors, and those with non-traditional income sources. They offer tailored loan options and potentially higher loan amounts, enhancing purchasing power. Consult a specialized mortgage professional to assess suitability for your specific situation.
Profit and loss statement Only
Profit and loss statement-only loans simplify income verification for self-employed individuals and small business owners, eliminating the need for traditional documentation. These loans provide tailored solutions, the potential for higher loan amounts, and flexible terms, empowering borrowers to reach their homeownership and investment goals more effectively. Consulting with an experienced mortgage professional is key for assessing their suitability.