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If the expenses can't be confirmed, they take 10% off his income. Their 1099 section also asks for his latest check stub, or 3 months of bank statements, showing his year-to-date earnings. Loan amounts run from $150,000 up to $3.5 million. Expanded Prime Plus goes up to 90% LTV on a primary home with a 740 score and a loan of $1 million or less. The other options I checked need more than his 4 months. FHM's 1099 option needs at least a year of 1099s in the same line of work. Freddie Mac needs at least 12 months of 1099 income on his tax returns. Verus needs at least a year of self-employment. Sources linked: Self-Employed Income Onslow Bay, Onslow Bay Jumbo Matrix, FHM Full Doc and Alt Doc Matrix, Freddie Mac Employed Income, Self-Employed Income Verus.

Monthly residual income has to be at least $1,500 for a household of one, $2,500 for two, plus $150 for each additional person. Residual income works like this. Take the assets left after the down payment and closing costs, and count 100% of bank accounts, 80% of stocks, bonds and mutual funds, and 70% of vested retirement accounts. Divide that by 84, then subtract all monthly debts. The assets must be seasoned 120 days, and reserves aren't required. It's owner-occupied purchase or rate/term refinance only: max 85% LTV, 700 minimum score, no cash-out. On Tara's pricing question, it isn't a separate product. The matrix lists Asset Qualifier as a Full Doc option inside Expanded Prime Plus and Sharp A+, so those are the right rows in Optimal Blue. Sources linked: Assets as Qualifying Income Onslow Bay, Residual Income Onslow Bay, Onslow Bay Jumbo Matrix.

Same catch as Goldman on JP Morgan: he has to draw at least 75% of the line at closing, then there's a 90-day freeze on new draws. Onslow Bay's HELOC covers lines of $20,000 to $250,000. Figure goes to 80% up to $200,000, but Figure sets the value with its own automated valuation, not an appraisal. Goldman's 75% matches its matrix: 680 to 719 gets 75%, and 720 gets 80%. Sources linked: JP Morgan Second Liens and HELOC, Onslow Bay HELOC, Goldman Sachs Second Liens and HELOC, Figure Eligibility Matrix.