Pure Funding: Self employed home loan options

Are you looking for a quick and easy way for home loan financing? Look no further than Pure Funding's bank statement loans and 1099 loans. These innovative financing options offer a convenient and hassle-free approach to securing the capital you need. Note: you must be self employed to qualify using bank statements/1099

What are Bank Statement Loans and 1099 Loans?

Both bank statement loans and 1099 loans are alternative financing options that don't rely solely on traditional credit scores. Instead, they consider your business's or personal income as demonstrated by your bank statements or 1099 tax forms. This makes them ideal for individuals and businesses that may have challenges with traditional credit scoring.

Benefits of Using Bank Statement Loans or 1099 Loans from Pure Funding

1. Fast Approval and Funding: One of the most significant advantages of Pure Funding's loans is their rapid approval and funding process. Unlike traditional loans that can take weeks or even months, Pure Funding strives to provide quick decisions and disburse funds promptly. This can be crucial for businesses or individuals facing urgent financial needs.

2. Flexible Terms: Pure Funding offers flexible loan terms tailored to your specific requirements. Whether you need a short-term loan to cover immediate expenses or a longer-term loan for a significant investment, Pure Funding can accommodate your needs. This flexibility ensures that you can access the funds you need without compromising your financial goals.

3. Minimal Documentation: Pure Funding understands that gathering extensive documentation can be time-consuming and stressful. That's why they have streamlined the application process to require minimal paperwork. This means you can focus on your business or personal endeavors while Pure Funding handles the loan application.

4. Debt to income: Defines a consumer’s ability to repay the loan in most cases the limit will be 50% max(we target 45%).

1. Income derived from previous bank statements/1099 (12-24 months)

1. i.e example income of $10,000 income(revenue)

2. Debt max 50% / $10,000 = $5,000 max debt

3. All debts including new mortgage must be below $5,000

5. Competitive Interest Rates: Pure Funding offers competitive interest rates on its bank statement and 1099 loans. This ensures that you're getting a fair deal on your financing and can make informed decisions about your borrowing needs.

How to Apply for a Bank Statement Loan or 1099 Loan

Applying for a loan from Pure Funding is simple. You'll typically need to provide basic information about your business or personal finances, along with your bank statements or 1099 tax forms. Their experienced team will review your application and provide you with a decision promptly.

Conclusion

Pure Funding's bank statement loans and 1099 loans offer a convenient and efficient way to access the funds you need. With their fast approval, flexible terms, minimal documentation, and competitive interest rates, Pure Funding is a trusted partner for individuals and businesses seeking financial solutions. If you're looking to unlock your financial potential, consider Pure Funding as your go-to source for alternative financing.