Our 1099 mortgage program is designed to provide a mortgage solution specifically tailored for independent contractors or are self-employed individuals and contract workers who may face challenges in qualifying for a traditional loan with pay stubs, W2’s and tax returns. This mortgage option allows borrowers to utilize their 1099 earning statements as evidence of their work income instead of relying solely on tax documents.

1099 Mortgage Program

• 680 minimum credit score
•  Minimum 10% down payment [ Up to 90% Loan to Value with no Mortgage Insurance ] 1 or 2 years of most recent 1099 
• Last 4 months Bank Statements
• Letter from CPA confirming self-employment 
• Owner-occupied, 2nd homes, and investment properties
• SFRs, town homes, condos, 2-4 unit properties
• 5/1 ARM or 30-year fixed
• Interest Only Option Available
• Minimum Loan Amount is $200,000
• Maximum Loan Amount is 3,500,000

When your ready to get started on your 1099 mortgage, we are experts to guide you through the entire process, the first step is getting you pre-approved. You can click on the button below or apply online; if you prefer to speak with one of our Home Buyer Experts, we would be happy to speak with you at 888-259-2257.