As a travel nurse, your work takes you across the country, but your income structure shouldn’t hold you back from owning a home. If you're tired of being told you “don’t qualify,” we’re here to change that. Our 1099 mortgage loan uses your 1099-NEC statements to verify your income and eligibility, eliminating the need for traditional tax documents. Whether you're ready to settle down or invest in a place between contracts, we’ll help you secure financing that fits your unique lifestyle.
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11099 loans require a minimum 700 FICO score, a minimum loan amount of $175,000 (exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas), and a 20% down payment. A lower FICO score or down payment may be available with eligible compensating factors. Must have a two-year history in the same line of work. Contact a NASB Loan Officer for details on the excluded areas and/or zip codes. The product is not available in New York, the Chicago, or Baltimore metropolitan areas and not in all locations or for all property types. Loans are subject to underwriting, eligibility criteria, and other factors. Your Loan Officer will provide more information regarding 1099 loans and what may work best for your situation.
210% minimum down payment with no mortgage insurance required requires a minimum 740 credit score, no prior bankruptcy, and a 12-month housing history. Otherwise, borrowers need a minimum credit score of 700 and a 10% down payment with approved mortgage insurance.
