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A 1099 income loan allows self-employed and contract workers to get a mortgage loan who can't qualify for a conventional mortgage.
Great option for self-employed borrowers
Use 1099 statement instead of tax documents
660 minimum credit score
A 1009 income loan is a mortgage solution for self-employed and contract workers who have trouble qualifying for a conventional loan. Borrowers can use their 1099 earning statements to show work income instead of tax documents.
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