How to Finance a House Without Regular W-2 Income
My friend and real estate agent is trying to buy a personal residence, but because he's a realtor, he doesn't have a regular W-2 Income. What kind of options does he have? Are there any types of banks (or loan programs) that will use his 1099 income and finance his home at a good rate?
I know portfolio lenders loan a little bit differently than conventional banks. Are there any in the greater Seattle area that can do this?
Thank you in advance!