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

Great option for self-employed borrowers

Use 1099 statement instead of tax documents

660 minimum credit score

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
  • 660 minimum credit score
  • Minimum 10% 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
  • 660 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
Mohit M., May 25, 2021
★★★★★ (5)

"NASB always makes it easy and transparent to work with them. I know upfront what to expect - they're clear in their communication and keep their word. This was my third interaction with them and it's a fantastic experience working with the NASB team."


NerdWallet_FTHB award-green
NerdWallet_2x Winner
NerdWallet_VA award-green

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

Local banking. National lending.

$30B in home loans in the last decade

Based on lender data

100,000 home loan customers since 2010

Based on lender data

92% of customers would recommend NASB

Based on 13,296 NASB closed loan customer surveys from 1/1/2018 to 4/29/2021

Nationally competitive products. Individualized service.

kc skyline