1099 Mortgage
If you’re a freelancer, contractor, gig worker, or any other kind of 1099 earner, you’ve probably faced the frustration of not qualifying for a traditional mortgage.
Our 1099 mortgage is designed specifically for independent workers who need an alternative path to homeownership.
Key Benefits:
- No tax returns required.
- Use your 1099 earning statements to qualify.
- Available for primary homes, second homes, and investment properties.
- Purchase, cash-out, or rate-term refinance options.
- Loan amounts from $150,000 up to $3 million.
- Owner-occupied, second homes, or investment properties eligible.
Credit and LTV Requirements:
- Up to 75% requires a 640 score.
- Up to 90% requires a 720 score.
Highlights:
- Most recent one or two years of 1099s accepted.
- Include year-to-date earnings (verified by bank statements, paystubs, or earnings summary).
- 1099s must come from a single employer and be issued in the borrower’s personal name.
- Minimum two years self-employment in the same field.
Ready to Take the First Step?
Go to getloans.com.