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1099 Mortgage Loan

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

Call us 888-661-1983

Apply now

Key Features

Use 1099-NEC statement instead of tax documents

700 minimum credit score

Great option for self-employed borrowers

A home loan solution for self-employed borrowers.

A 1099 home loan is a mortgage option designed for self-employed individuals and contract workers who may struggle to qualify for a conventional loan. Borrowers can use their 1099-NEC earnings statements to demonstrate their income instead of traditional tax documents.

Our 1099 mortgage loan can be an excellent option for:

Self-employed
Independent Contractors
Consultants
Realtors

Freelance employees
Entrepreneurs
Gig workers
Truckers

Video - How to Get a Home Loan if You're Self-Employed

Watch this video to find out the two ways you can get a mortgage loan if you're self-employed without W2s or pay stubs.

What Our Customers Say

general non-qm

★★★★★ (5)
Alexander S, April 5, 2024

“I was pretty much locked in with another lender but wasn't 100% convinced. I did a Google search looking for the best mortgage options for business owners/self-employed, and NASB popped up in several places with solid recommendations. For us, it was like a final Hail Mary to ensure we looked at all possible options. We couldn't be more glad we took that last step and found you. Your speed is second to none, and the service was amazing from start to finish. Needless to say, we are also very happy with the rate that we got.”

★★★★★ (5)
Karina P., November 8, 2023

“My fiance and I are both 1099 employees and first-time homebuyers, so as one can imagine, it was fairly difficult for us to find a lender that did not have obscene fees. NASB helped us find a mortgage loan that was beneficial to us and worked with our situation. From our first phone call to closing day, our loan officer was offering her help and expertise the entire time. If you are self-employed or a 1099 contractor looking to purchase a home, contact NASB. They will do their absolute best to make it happen!”

★★★★★ (5)
Micheal D, March 24, 2024

“My loan officer was very informative, explaining everything I needed to provide them along the way. They made my dream home a reality when others could not.”

★★★★★ (5)
Christina K., March 14, 2024

“The entire process was smooth and efficient. Everyone I've dealt with has been friendly and pleasant to deal with. I wouldn't hesitate to recommend NASB to friends and family.”

★★★★★ (5)
gcstatm1., Feb 21, 2025

"Michael is the most amazing loan officer you will ever get! He is thorough and walks you through everything needed to close your home loan! I can’t recommend him enough! Plus he is a super fun and nice guy that makes the process a piece of cake!"

★★★★★ (5)
Tony B., Jan 10, 2020

"This was our second time working with Heather Howard on a VA loan and she is amazing! Her communication skills are topnotch and always goes above and beyond what we would expect of our loan officer. She makes the process stress-free and enjoyable as possible. Heather is quick to answer any questions we have along the way and is always so friendly!"

★★★★★ (5)
Joseph M., April 20, 2020

"It was great working with Jason Zook on my non-recourse loan that closed earlier this month. It is my 4th Loan with NASB and Jason Zook. I am an investor and real estate broker. The lending process and assistance for each of the loans was as smooth as possible. We navigated any small hurdles together for successful outcome each time. Since 2017, I have forwarded Jason's contact information to a number of people needing your services, including my real estate clients and contacts, friends, and mortgage lenders assisting their clients in utilizing your non-recourse products."

★★★★★ (5)
Amber J., April 12, 2025

"I had the absolute pleasure of working with Shelley for my recent home purchase, and I can't recommend her highly enough. From start to finish, she went above and beyond to make the process smooth, clear, and stress-free. Shelley was always one step ahead, looking for the best options and solutions tailored to my needs. Her dedication, professionalism, and genuine care made all the difference. Shelley is the one if you're looking for someone who truly has your best interests at heart. I’m incredibly grateful for her support and would recommend her to anyone in a heartbeat."

★★★★★ (5)
Tracy T., Feb 5, 2025

"Venus did an amazing job. Our loan was complicated because my husband and I are BOTH self-employed, and we were purchasing an investment property. Everything was seamless and on time. We were delayed in closing due to a seller’s title issue, and everything on the mortgage was handled professionally and was easy. Thanks so much!"

Let's get started!

Answer six quick questions to get your personalized recommendations from one of our loan experts.

What type of mortgage loan are you looking for?

Refinance

Mortgage purchase

1099 Mortgage Loan Requirements Include:

The last 12 months of 1099-NEC income
Documentation of year-to-date income
700 minimum credit score
Minimum 20% down
A minimum loan amount of $175,000 is required to apply*

1099 Mortgage Loan FAQs

What is a 1099 loan?

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.

What are the requirements of a 1099 loan?

The last 12 months of 1099-NEC income
Documentation of year-to-date income
700 minimum credit score
100% of 1099-NEC income considered

Who should consider getting a 1099 loan?

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.

Do I need a down payment with a 1009 loan?

We require minimum 20% down.

What is the minimum required loan amount?

A minimum loan amount of $175,000 is required to apply. Exceptions include mortgage products for properties located within the Greater Kansas City metro and surrounding areas. Contact a NASB Loan Officer for details on the excluded areas and/or zip codes.

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Loans for Self-Employed

How to get a home loan if you are self-employed.

Mortgage Calculator

How much will my mortgage payments be?

First-Time Home Buyer eBook

Download our free eBook to help you get started.

*1099 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.