Facebook Pixel

1099 Mortgage Loan

A 1099 income loan allows self-employed and contract workers to get a mortgage loan who can't qualify for a conventional mortgage.

Call us 855-921-4921 

Key Features

680 minimum credit score

Great option for self-employed borrowers

Use 1099 statement instead of tax documents

A home loan solution for self-employed borrowers.

A 1009 income loan is a mortgage solution for self-employed and contract workers who have trouble qualifying for a conventional loan. Borrowers can use their 1099 earning statements to show work income instead of tax documents. 

Let's get started!

Answer a few simple questions to get your personalized recommendations.

What type of loan are you looking for?

1099 Mortgage Loan Requirements Include:

  • The last six months of 1099 income, less if 1099 income is from most recent employer.
  • Documentation of year-to-date income
  • 680 minimum credit score
  • Minimum 15% down with mortgage insurance approval

1009 Mortgage Loan FAQs

A 1099 income loan is for self-employed or independent contract workers who have difficulty qualifying for a conventional mortgage loan. Lenders look at income from a 1099 instead of tax returns.
  • The last six months of 1099 income, less if 1099 income is from most recent employer
  • Documentation of year-to-date income
  • 680 minimum credit score
A 1099 loan is a good mortgage loan option for those that are self-employed, freelancers, contractors, recently switched from W2 to 1099; anyone who files taxes using a W-9 and cannot qualify under Agency guidelines.
Minimum 10% down with mortgage insurance approval.

What Our Customers Say
Philip G., August 14, 2022
★★★★★ (5)

"NASB provides the small business owner and the self-employed means to qualify for many types of mortgages. All the staff in contact with me are extremely helpful and update me on pertinent information I need to know throughout the mortgage process."

NerdWallet_FTHB award-green
NerdWallet_2x Winner
NerdWallet_VA award-green

©2017-2022 and TM, NerdWallet, Inc. All Rights Reserved.

100,000 home loan customers since 2010

Based on lender data

30 billion dollars in home loans

In the last decade based on lender data

82 "World-class" Net Promoter Score*

Based on 544 NASB closed loan customer surveys from 12/1/2021 to 7/27/2022

Nationally competitive products. Individualized service.

kc skyline

*According to Bain and Company, the source of the Net Promotor Score (‘NPS’) system, a score of 50 is excellent, and anything above 80 is world-class.