Conventional and FHA loans want to see a two year history of self-employed or 1099 income
4. Our medical professional programs have greater flexibility in approving newly self-employed or 1099 income borrowers. In some instances, we can qualify newly 1099 clients based on their employment agreements or offer letters with no history whatsoever.
If you are newly self-employed or 1099, we definitely want to better understand the terms of your income and see if we can help.
5. Our loan officers, processors, underwriters, and closers work with medical professionals all day every day. We understand the unique challenges and issues that are commonplace with medical professionals (including but not limited to the facts mentioned in this article). (mais…)