Getting a Mortgage Without a W-2
It can be extremely challenging trying to qualify for a mortgage when you’re not in a normal hourly or salary position. Generally, when it’s time to verify your income, you’ll need to provide your W-2’s along with pay stubs from the last 2 years. Having a non-traditional career makes this option no longer viable. Thankfully, at Avanti Way Financial we have solutions for you to qualify for a mortgage based solely on your true take home over the last 12 to 24 months. We have options for both bank statement loans as well as 1099 based loans! Perfect for business owners, freelance employees, consultants, independent contractors, real estate agents and entrepreneurs. To qualify for a bank statement loan you must: To qualify for a 1099 based loan you must have: A bank statement or 1099 loan is a way to get approved for a mortgage without dealing with the traditional income verification. If this sounds like it may fit your situation, use our handy pre-approval tool below to get the process started!