Richard Thomas Ellis – Pilgrim Mortgage
Corporate Address: 8900 Business Park Dr. Austin, TX 78759
Charles Munoz
NMLS# 785783
7450 Campus Drive, Colorado Springs, CO, 80920
Phone: (719-301-3009)
Financing Solutions for Independent Contractors and Freelancers
1099 loans are designed specifically for independent contractors, freelancers, and self-employed individuals who receive income reported on 1099 forms rather than W-2s. These loans provide a path to homeownership for borrowers whose income may be irregular or not traditionally documented, ensuring that self-employed professionals have access to financing.
Flexible Income Documentation
With 1099 loans, borrowers can use their 1099 forms and supporting financial documents, such as bank statements or profit and loss statements, to verify income. This flexibility allows self-employed individuals to qualify for a mortgage without relying solely on conventional income verification methods. Tyler Gould works closely with you to organize your financial documentation, ensuring a smooth approval process and helping you maximize your eligibility while accurately representing your income.
Competitive Rates and Terms
Despite the alternative income documentation, 1099 loans can offer competitive interest rates similar to Conventional mortgages for qualified borrowers. They also provide a variety of term options, including fixed-rate and adjustable-rate loans, to suit your long-term financial goals. With expert guidance from Tyler Gould, you can evaluate the best loan structure for your circumstances, ensuring manageable monthly payments and long-term stability in your mortgage.
Benefits of 1099 Loans
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Qualify using 1099 forms and alternative documentation
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Flexible loan terms and structures
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Competitive interest rates for self-employed borrowers
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Streamlined approval process tailored to independent professionals
Streamlined Approval Process
1099 loans are designed to accommodate the unique needs of self-employed borrowers, often allowing for a faster and more streamlined approval process. By focusing on verified income and financial documentation, these loans help borrowers secure financing efficiently. Tyler Gould ensures that your application is organized, all necessary documents are submitted, and potential obstacles are addressed upfront, giving you confidence and peace of mind throughout the approval process.
Why Choose First Colony Mortgage
At First Colony Mortgage, we are committed to helping you achieve your homeownership and investment goals with confidence. Led by Tyler Gould, our team provides personalized guidance tailored to your unique financial situation, ensuring that every loan option—from Conventional and FHA to DSCR and Renovation Loans—aligns with your needs.
We are known for
Personalized Guidance: Tailored mortgage solutions to fit your unique financial needs.
Expertise Across Loan Programs: Deep knowledge of Conventional, FHA, VA, Jumbo, DSCR, and other specialized loans.
Fast and Transparent Process: Efficient approvals with clear communication at every step.
Commitment to Client Success: Helping borrowers achieve homeownership and investment goals with confidence.
Why Choose Rapid Closing?
Choosing the right mortgage partner can make all the difference in your homeownership journey. At Rapid Closing, we combine speed, expertise, and personalized care to deliver financing solutions that are tailored to your goals. Whether you’re a first-time home buyer, refinancing, or exploring specialized programs, our team is dedicated to making the process smooth, transparent, and stress-free. With Rapid Closing, you’re not just getting a loan—you’re gaining a trusted partner who stands by you every step of the way.
We are known for
Fast & Reliable Closings – Streamlined processes that save you time and stress.
Wide Range of Loan Programs – From FHA and VA to DSCR, Jumbo, and USDA loans.
Personalized Guidance – Clear, step-by-step support with dedicated loan specialists.
Flexible Solutions – Options designed for first-time buyers, investors, and unique situations.
"FAQs"
We offer a wide range of loan programs including Conventional, FHA, VA, USDA, Jumbo, DSCR, Non-QM, 1099, Profit & Loss, Construction, Renovation, Fix & Flip, HELOCs, and Down Payment Assistance loans to meet diverse financial needs.
Tyler Gould and our team provide personalized consultations to evaluate your financial situation, goals, and property type. We then recommend the loan program that best aligns with your needs and long-term strategy.
Yes! We specialize in loans for self-employed borrowers, including 1099 Loans, Profit & Loss Loans, and Bank Statement Loans, using alternative income verification methods to help you qualify.
Approval timelines vary depending on the loan type and documentation provided. Our team works efficiently to streamline the process, often securing approvals faster than traditional lenders while keeping you informed every step of the way.
Absolutely. We provide Down Payment Assistance programs and expert guidance to help first-time buyers navigate the mortgage process, reduce upfront costs, and achieve homeownership with confidence.
Empowering Independent Professionals
1099 loans expand access to homeownership for independent contractors, freelancers, and small business owners, giving you the financial tools to invest in your future. These loans recognize your earning potential and provide flexibility to match your lifestyle. With Tyler Gould at First Colony Mortgage, you receive personalized guidance, expert advice, and ongoing support, ensuring that your mortgage experience is smooth, transparent, and tailored to your unique professional situation.
