An FHA loan is a type of mortgage that is backed by the Federal Housing Administration. Often times, these are the best loans for people with lower credit scores looking for the lowest down payment possible.
Bank Statement Loans
Bank statement loans are a great option for anyone that is self-employed but because of the amount of tax write-offs are unable to qualify for a traditional mortgage. We will take the average monthly deposits from your business bank account(s) over 12 or 24 months.
1099 Loans
Are you an independent contractor or gig-worker and are having trouble getting approved for a traditional home loan? If you have 2 or more years of 1099 income, this loan program might be the perfect option for you. Contact us today and we’ll be able to see if you can qualify for this program.
Stated Income Loans
If you don’t have the bank statements or 1099s to qualify for the other options, you might consider our stated-income home loan. You’ll need good credit scores and at least 20% down, but if you want to buy a primary residence, this might be your only options as a gig-worker.
