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Updated almost 4 years ago,

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Do lenders consider income that is not based on a W2

Bret Middlekauff
Posted

So I am looking for a mortgage. I currently have great credit, plenty of savings, and more than enough regular income to leverage this loan, however half of my income is from a 1099. I spoke with a lender and they would not take this income into consideration! Are there ways around this or lenders who will? Please help! On paper I can easily show the ability to cover the loan so I don't understand why it's not considered.

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