1099 Only Loans
Get prequalified in minutes! Low rates. Simplified process.
Our Simple Access® Non-QM 1099 Only loan is an excellent solution for those that receive compensation in the form of commission or independent contractor basis and receive an IRS form 1099 at year-end. Qualification is determined solely on the last two years of your 1099 forms.
1099 Only Loans
Get a loan today without the need for tax returns or W2s. Loan amounts from $350K to $5M.
Loan Highlights
- Loan amounts to $3.5M
- Fixed and adjustable rate mortgages
- No tax returns or bank statements required
- Mortgage Insurance not required
- All occupancy types (Primary residence, second home or investment property)
Have Questions? Let’s Chat.
Call us today at (888) 379-0303 for a Free Consultation and to learn if a Bank Statement Loan may be right for your situation.
Loan Requirements
- Must provide most recent 1 or 2 years of 1099’s
- Funds can be in checking, savings, money market accounts, marketable securities, or retirement accounts
- Credit scores down to 620 (Subject to loan amount and loan-to-value (LTV) restrictions)
- Debt-to-income ratio up to 55 allowed
Get in touch.
We’re here to answer any question you may have about 1099 Only Loans or any of our other mortgage programs.
We're dedicated to helping borrowers find the right home loan program for their situation. Contact us today for a free quote and consultation.
Call us today: (888) 448-2267
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