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re: Financing a house as a 1099 (self-employed)

Posted on 4/17/14 at 12:20 pm to
Posted by hawkeye007
Member since Feb 2010
5954 posts
Posted on 4/17/14 at 12:20 pm to
call you local Whitney Bank they can take care of you. We call these professional loans when a doctor or lawyer is making the jump to 1099. the "hypothetical" situation he or she would need 6 months of 1099 income for the bank to get a projection from. i do these type of loans a few times a year. lenders and brokers cant do them. whitney's portfolio rates are very low compared to your smaller banks
Posted by theBeard
Member since Jul 2011
6739 posts
Posted on 4/17/14 at 1:01 pm to
I appreciate the tip. I will check with Whitney Bank
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