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.
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Routing number - 301071631
Banking
Reorder Checks
Tax Documents
Please call Deposit Services at:- Kansas City area: 816-316-4000
- All other areas: 800-677-6272
Online Banking and Bill Pay
Replace Lost/Damaged Card
We're available 24/7 to assist you:Enroll in e-Statements
Banking Forms & Disclosures
Lending
Make a Loan Payment
Tax Documents
Please call Loan Servicing at:- Kansas City area: 816-316-4000
- All other areas: 800-677-6272
Enroll in e-Statements
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.
Our 1099 Home Loan is tailored for self-employed borrowers and contract workers who may not meet conventional mortgages' income verification standards. Instead of relying on tax returns, this loan uses 1099-NEC earnings statements as proof of income.
Our 1099 mortgage loan can be an excellent option for:
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Advantages of a 1099 Home Loan from NASB:
- Qualify using your 1099-NEC forms
- No need for traditional tax documents or pay stubs
- Designed specifically for non-W2 earners
- Competitive interest rates and customized terms
- Simplified income verification for self-employed borrowers
- No prepayment penalties
- In-house underwriting, processing, and closing for a streamlined experience
- Personalized lending support from start to finish- we do not broker your loan
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?
What's the purpose?
Choose from a residence to an investment property.
How will this property be used?
What's your working status?
We offer loans for most occupational situations.
Are you currently employed?
What's your credit score?
Knowing your credit score helps us match you with the right loan product.
What is your credit score?
How much down?
Your down payment can affect your rate and monthly payments.
What percentage can you put down?
Thanks for checking!
Sorry, we do not currently offer any investment property loans without a minimum 20% down payment.
Please click "Previous Step" if you would like to select a different percentage.
Thanks for checking!
Sorry, we do not currently offer any primary or secondary home loans without a minimum 10% down payment.
Please click "Previous Step" if you would like to select a different percentage.
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By knowing where you live, we can match you with your state's current mortgage regulations.
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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.”
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!”
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.”
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.”
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.”
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.
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.
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 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.
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