1099 Mortgage Loan
- No tax returns needed
- Down payments as low as 20%*
- May qualify with only six months of 1099-NEC with same employer*
- 100% of 1099 income considered
- 700 minimum credit score; $175,000 minimum loan amount*
A home loan solution for self-employed workers.
If you are self-employed or an independent contract worker having difficulty qualifying for a conventional mortgage loan, a 1099 home loan from NASB may be the answer for you. 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 statements instead of tax documents to verify your income and eligibility.*
1099 mortgage loans may be a great option for:
- Self-employed
- Independent Contractors
- Entrepreneurs
- 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, 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.