1099

Qualify Borrowers Without Tax Returns

Qualify borrowers with 1099 Statements & YTD bank statements in lieu of Tax Returns. Our 1099 Income Loans are for Self-Employed borrowers such as Contractors, Freelancers, Gig-Economy workers or other self-employed borrowers who typically don’t qualify for Agency solutions. Our 1099 Loan allows for loan amounts up to $3.5M.

Key features:

  • Max Loan Amount $3.5 million
  • Min 660 Credit Score
  • 1099 plus YTD earnings Ok
  • Primary, 2nd Home & Investor Properties
  • No LTV Restrictions for Condos
  • Non Warrantable Condos OK
  • Up to 85% LTV – Exceptions possible
  • Gift of Equity Ok on Primary Homes
  • Interest Only Options Available
  • Max 6 loans or $5M – which ever comes first

*Not all self-employed borrowers will qualify. Self-employment must be for services provided by the borrower.

*Requires login. Please contact your Logan AE for access.

DSCR

Bank
Statement

Foreign
National

Asset
Qual

Full Doc

1099

5-8 Units

Testimonials

“I wanted to let you all know that you have been amazing to work with on this file. It gives me hope for the future of this industry. Every person…has been a pleasure to work with.”

Michelle T. — Pasadena, CA

“Thank you very much for teaching me all the nuances of bank statement loans. I thought I already knew most everything about it, but you helped me to better understand some important concepts of bank statement loans. I appreciate your help!”

Livia A. — Richmond, VA

“I wanted to take a moment as the loan officer and thank you for all your help and support thus far. You have been great… We were recently approved with a new non-QM lender named Logan Finance. I locked a 6-unit multi family… Moreover the AE is amazing. I can’t say enough great things about her work so far. Top notch…I recommend you give them a try.”

Christian D. — Chula Vista, CA

“Jake and I were on the DSCR webinar this morning with Paul Jones. Honestly, that was probably one of the best and most organized lender webinars I have ever been on. So far, between my conversation with you last Friday, speaking with Ben today, and the webinar with Paul, I can clearly see that Logan is truly dedicated to making business partners successful. And you guys seem to actually want business from us. As I told you Friday, that is NOT the case with a lot of the Banks right now.”

Kevin M. — Temecula, CA

“You…are truly awesome. Any time I needed help, one of you jumped in. We got to the finish line together and that makes all the difference to me. On to the next deal!”

Stefany P. — New York