1099 Mortgage Loan
- No tax returns needed
- Down payments as low as 20%*
- May qualify with only 12 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 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 look at 100% of the income from your 1099-NEC statements for qualifying instead of tax documents to verify your income. And, only six months of statements from the same contract employer are required.*
1099 mortgage loans may be an excellent option for:
- Self-employed
- Healthcare professionals
- Independent Contractors
- Entrepreneurs
- Freelancers
- Gig Workers
- Realtors
What Our Customers Say
Alexander S., April 5, 2024
★★★★★ (5)
"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."
"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."
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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.