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what type of loan can I get if I'm 1099 and had my taxable income very low?

I have a client who files 1099 and his gross income is about 25 however his taxable is under 5. Is there anyway he can get financed? None of my lenders had any options but I wasn't sure if someone might know of something.

  • July 14 2013 - Kalamazoo
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Answers (3)

Matt,

Sorry but unless your client has a considerable amount of assets, which we have a program that can use assets as income, or a majority of his deductions are from depreciation, there would not be a program out there. Stated income is a thing of the past. Hope this helps.
  • July 15 2013
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There is not a mortgage program available to you that I am aware of.
  • July 15 2013
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Profile picture for daveskow
dont think there is any program out there that could help in this case

try to locate a seller that  can provide seller financing 
  • July 14 2013
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