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logo
  • Home
  • Loan Programs
  • Conventional Loans
  • 5% Down Jumbo Loans
  • FHA Loans
  • USDA Loans
  • VA Loans
  • Self Employed loans (Alternate Documentation)
  • Investor Cash Flow DSCR Program
  • Investor Cash flow worksheet (DSCR)
  • Short Term Rental Loans (Air BNB / VRBO)
  • Foreign National Loans
  • Commercial Loans
  • Apply Now
  • Resources
  • Mortgage Basics
  • Online Forms
  • Mortgage Calculators
  • Loan Process
  • Credit Card Builder
  • Blog
  • Careers
  • Why Join Coast2Coast Mortgage?
  • Loan Officer New Hire Referral Program
  • Apply for a Loan Originator Position
  • Career Opportunities
  • Loan Officer Dashboard
  • Pricing Engine
  • WeMLO Processing
  • Marketing Toolbox
  • Listing Booster
  • Go Paperless Credit Authorizations
  • Zoom Meetings
  • G-Suite Learning Center
  • Employee Portal
  • Closed Loan Submission forms
  • Reviews
  • Locations
  • 1-888-456-9796

Self Employed or 1099 Contract Workers

Self-Employed Individuals often have difficulty qualifying for a mortgage due to writing off business expenses on their income taxes. If this describes you, Coast2Coast Mortgage have you covered!

These loan programs often require just a little more than your typical 3-5% down payments, and rates are priced for the inherent risk associated with these loans. 

We offer several alternate document solutions for self-employed borrowers as well as contract workers. 

Bank statement loans

With this product, we will typically use your most recent 12-24 bank statements to calculate your income off of your deposits.

Profit and Loss Statement

In this Loan program, we take your Profit and Loss statement covering the most recent 12 months for your income.

1099 Only

This product we use your last 2 years 1099 forms for your income

VOE Only Verification of Employment only

In this product, we do a written verification of employment from a third-party vendor to determine your income. It is typically used for people who receive cash tips or bonus income that did not show up on previous tax returns.

To better understand these loan programs or to apply for one of them, please reach out to any of our licensed loan originators. Programs are subject to change at any time. 

No Ratio 

This program does not require income documentation at all. It allows a buyer to buy without tax returns, pay stubs, w2's or any income documentation. We still require assets for proof of reserves and down payment/closing costs. Please ask one of our Loan Originators for more details. 

About Us

We've been helping customers afford the home of their dreams for many years and we love what we do.

Company NMLS: 376205
www.nmlsconsumeraccess.org

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Contact Us

9050 Cypress Green Dr Suite 403
Jacksonville, Florida 32256
Phone: 1-888-456-9796
info@coast2coastmortgage.com

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These materials are not from HUD, FHA, the USDA, or the VA. These materials were not approved by any government agency. They are independent of any government agency. We are not in any way affiliated with any organization listed or referenced within this website, including HUD/FHA/USDA/VA. The inclusion of various education, information, web links, or materials are not an endorsement of the Sender or any of its employees or business partners.
For information directly from HUD/FHA, visit http://www.hudclips.com
For information directly from the VA, visit http://www.benefits.va.gov/HOMELOANS/
For information directly from the USDA, visit http://www.usda.gov/wps/portal/usda/usdahome?navid=GRANTS_LOANS

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