# Non-QM Loans

Self Employed 1099 Mortgage

A 1099 mortgage loan is a type of loan that is reported on IRS Form 1099, which is used to report miscellaneous income. This type of loan is often offered to self-employed individuals or those with a high income, and it is not backed by a government agency such as the Federal Housing Administration (FHA) or the Veterans Administration (VA).

On the other hand, a conventional home loan is a type of mortgage that is not backed by a government agency. Conventional loans are typically offered by banks and other financial institutions, and they are usually the best option for borrowers with good credit and a stable income. These loans typically have lower interest rates and fees than 1099 mortgage loans.

Overall, the choice between a 1099 mortgage loan and a conventional home loan will depend on your individual financial situation and goals. It’s important to carefully compare the terms and rates of each type of loan and consult with a mortgage lender to determine the best option for you.

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    (650) 388-0418

    Up to
    90%
    LTV - Purchase
    90%
    LTV - Rate & Term
    90%
    LTV - CASH OUT
    $150K - $5M
    Price Range

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    # Non-QM Loans

    1099 Mortgage Loans vs. Conventional Home Loans?

    Self-employed borrowers can improve their prospects by increasing their credit score, offering a larger down payment, or paying down debt, among other strategies. 

    One problem that self-employed individuals run into is that they use business expenses to reduce taxable income, which means less qualifying income for a mortgage. 

    Conventional loans, FHA loans, and bank statement loans are among the self-employed mortgage options.

    It's also possible to take out a joint mortgage or enlist a co-signer.

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    (650) 388-0418

    Testimonials

    "Kristin Howard is absolutely best !!!!!!!!! She stayed on top of my deal until closing date.Cant ask for better service . Thank you Kristin"
    "Susan is the BEST! I have done several transactions with her and she has always been so helpful and made the process so easy. These can be stressful but with Susan it is always simple. Highly recommend!"
    "We had the pleasure of working with Angel Pierro. He was supportive during this entire process and we would 100% use him again! Highly recommend!"
    "I am so grateful to Maricris Duke for being so wonderful and helpful during the entire process. As a first time home buyer, I had a lot of questions and doubts but Maricris was there to answer and explain everything to me. Thank you for all the help to get the loan and ass
    "We had a very nice experience and had a quick aprroval!"
    "Josh Settersten, was AMAZING to work with. Really really good at what he does. Professional, trustworthy, good listener and tries to get you the best deal out there. I learned so much about getting a mortgage from him. He delivered on all fronts. I am glad I had him in my co
    "Josh helped tremendously throughout the entire process of purchasing our first home. He was excellent at communicating and overall exceeded our expectations. I would highly recommend working with Josh!"

    #Apply For 1099 Loan

    Why Should You Choose Us?

    We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.

    • Customer Focused
    • Minimal Documentation
    • In-Houses Controls
    • Best Loan Services
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    States We Lend In

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    Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

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