🏡 Real Closed File Review – Yonkers, NY ✅

Another successful closing by the LJ Mortgage Team!

📍 Property Details

• Location: Yonkers, NY

• Type: 2-Family Property

• Bedrooms/Bathrooms: 6 Beds | 3 Baths

• Purchase Price: $795,000

• Down payment: 20%

• Credit Score: 761

• Interest Rate: 6.49%

• Monthly Payment (P&I): $4,015

• Escrow: $967

• Closing Costs: $39,932 (~5.02% of purchase price)

💼 Loan Program

Non-QM 1099 Loan Program

This program is designed specifically for self-employed borrowers who may not have traditional W-2 income but still have strong earnings and solid financials.

✅ Used two years of 1099 income lenders can qualify borrowers using 90% of gross 1099

income

✅ Allows up to 55% Debt-to-Income ratio

✅ Perfect for entrepreneurs, gig workers, freelancers, and independent contractors

✅ Offers flexible qualification options that reflect your real financial picture

💡 Why It Matters

Many hardworking self-employed individuals struggle to get approved for home loans because their income doesn’t fit the traditional mold. At LJ Mortgage Team Inc., we specialize in Non-QM (Non-Qualified Mortgage) programs that make homeownership possible for those who work for themselves.

Just like this beautiful 2-family property in Yonkers, our clients were able to qualify using their 1099 income — turning their dream of owning a multi-family home into a reality!

🏠 LJ Mortgage Team Inc.

Your Local Guide to Homeownership!

📍 127-03 Rockaway Blvd, South Ozone Park, NY 11420

📞 (516) 218-1297

🌐 www.nmlsconsumeraccess.org

LJ Realty Team – Buy | Sell | Rent Equal Housing Opportunity

LJ Mortgage Team Inc. NMLS# 2120286Purchase & Refinance NYS Registered Mortgage Broker – NYS Dept. of Financial Services Broker arranges mortgage loans with third-party providers. MORTGAGE BROKER ONLY, NOT A MORTGAGE LENDER OR MORTGAGE CORRESPONDENT LENDER. Licensed by the N.J. Department of Banking and Insurance. We do not make any mortgage loan commitments or fund any mortgage loans.

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