1099 or Bank Statement Home Loan
- No tax returns needed
- In-house underwriting means a fast and worry-free loan process
- $175,000 minimum loan amount*
- 680 minimum credit score*
Home loan solutions for self-employed workers.
If you are self-employed or own a business, you may have difficulty qualifying for a conventional mortgage loan. A 1099 or Bank Statement Home Loan from NASB may be your answer. NASB is a national leader in the non-QM lending space, offering non-traditional loan options to help you achieve your goal of home ownership. With our 1099 mortgage loan, we can review your 1099-NEC statements instead of tax documents to verify your income and eligibility.* Our Bank Statement loan allows small business owners to seek a home loan without showing net income on tax returns or pay stubs. We look at your non-traditional income over 12 months using bank statements, and if you meet our criteria, you can get a mortgage loan at a competitive rate.
Our 1099 and Bank Statement mortgage loans may be an excellent option for:
- Self-employed
- Business Owners
- Independent Contractors
- Entrepreneurs
- Healthcare Workers
- Freelancers
- Gig Workers
- Realtors
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."
"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."
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*1099 loans require a minimum 700 FICO score, Bank Statement loans require a minimum 680 FICO score, and both require a minimum $175,000 loan amount (exceptions include mortgage products for properties in the Greater Kansas City metro and surrounding areas). Bank Statement loans require a 10% down payment with approved mortgage insurance, and 1099 loans require a 20% down payment. Contact a NASB Loan Officer for details on the excluded areas and/or zip codes. It is not available in New York state, 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 and Bank Statement loans and what may work best for your situation.