1099 employee in need of nonconventional loan

1099 employee in need of nonconventional loan

New to Real Estate · Orlando, FL · Member since 2019 · 10 posts · 1 vote

Hey BP family!

So I just recently started a job as a medical sales rep. I am a 1099 employee, which is making the pre approval process quite difficult.

I have great credit, no debt, and sufficient funds, but since I don’t have 2 years of 1099 income that doesn’t seem to matter.

Any advice on different financing options I could utilize to get around this roadblock?

Thanks in advance!

-Chad S

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  • Realtor · Southern NJ · Member since 2017 · 188 posts · 68 votes
    6y

    Unsecured lines of credit (Business and Personal) based on your personal credit. 

  • Lender · San Diego, CA · Member since 2019 · 874 posts · 355 votes
    6y

    @Chad Simmons there are more options than 1099. Bank statement, tax return etc.

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