5.0 · 624 reviews · Jim Blackburn · NMLS #1072866
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Foreign National · 1099 Income · Purchase

Foreign National Loan Calculator

Estimate your qualifying income, maximum loan, monthly payment, and cash to close using your last two years of 1099 earnings.

Built by Jim Blackburn · NMLS #1072866 · $500M+ closed · 7× Scotsman Guide Top Producer

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Car payment, credit cards, business loans not paid by the business for 12+ months.

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10% minimum.

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Are you thinking about buying another home after this one to continue your wealth journey?

Summary

Total Monthly Income$10,000Average of your two most recent years of 1099 income, over 24 months.
Maximum Loan Allowed$450,000The lower of what your income supports and the maximum allowed by loan-to-value.
Total Monthly Housing Expense$3,760

Qualifying Detail

Max Monthly Housing Payment Allowed$4,50050% of monthly income, less obligations.
Max Monthly P&I Payment Allowed$3,883
Desired Loan Amount$450,000

Payment Breakdown

Principal & Interest Payment$3,143
Monthly Insurance$200
Monthly Taxes$417
HOA Paid Separately$0

Cash to Close

Cash Out of Pocket — without seller credit$80,000Includes 6% estimated closing costs; varies by state. Not a Loan Estimate.
Cash Out of Pocket — with 3% seller credit$65,000
See My Options

Estimates only — not a commitment to lend.

Jim Blackburn

By Jim Blackburn

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Important Disclaimer

This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.

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