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Flexible 1099 Loans for Self-Employed Homebuyers

Get a mortgage that understands your 1099 income. No tax returns needed. Flexible options, fast approvals, and competitive rates for self-employed professionals.

Fill out this form to Get Started

Which best describes you?

Self Employed

Self Employed

VA Eligible

VA Eligible

Real Estate Investor

Real Estate Investor

Other

Other

*We take your privacy seriously, this information will never be shared or distributed to third parties. By entering your information in this form, you consent to being contacted, even if you do not complete or submit the form.

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I need a Bank Statement loan

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I need a 1099 home loan.

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I need a DSCR home loan.

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I need a Bridge Loan.

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I need an ITIN home loan.

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I need an Asset Depletion loan.

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I need a Condotel loan.

What are 1099 Home Loans?

1099 loans, also known as 1099 mortgage loans or freelancer mortgages, are a type of non-qualified mortgage (non-QM loan) designed for individuals who receive their income through 1099 forms rather than traditional W-2s. These loans offer an alternative path to homeownership for those with less conventional income sources.

Unlike traditional mortgages that heavily rely on tax returns, 1099 loans primarily use your 1099 forms and bank statements to verify your income and assess your ability to repay the loan. This makes them a more accessible option for freelancers, independent contractors, and gig workers who may have fluctuating income or write off a significant portion of their income as business expenses.

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Get a Pre Approval Letter

If you're serious about purchasing a home, you'll find that you will need a pre-approval letter. You can start that process right now and it should only take 30 seconds!

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Our Non QM Loan Programs

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Meet the Loan Experts

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The Eligibility Criteria

Start your pre-approval application

Fill out this 2 min loan application to get started

Who Qualifies for a 1099 Loan?

1099 loans are ideal for various borrowers, including:

Freelancers

Writers, designers, photographers, consultants, and other professionals who work independently.

Independent Contractors

Individuals who provide services to businesses on a contract basis.

Gig Workers

Those who work in the gig economy, such as rideshare drivers, delivery drivers, or task-based workers.

Small Business Owners

Entrepreneurs and small business owners who receive 1099 income.

Anyone with 1099 Income

If you receive a significant portion of your income through 1099 forms, you may be eligible for a 1099 loan..

Why Choose Loan Lock Home Loans for Your 1099 Loan?

How To Get Started

Our experienced team specializes in non-QM loans, including 1099 income loans.

Our online application and dedicated team ensure a smooth and efficient experience.

We understand the importance of timely approvals and work diligently to expedite your loan closing.

We believe in open and honest communication throughout the loan process..

Your satisfaction is our top priority.

Benefits of 1099 Loans

1099 loans offer several key advantages:

Flexible Income Verification:

Utilizes your 1099s and bank statements instead of traditional tax returns.

Lower Documentation Requirements:

Requires less paperwork than traditional mortgages.

Competitive Rates and Terms:

Requires less paperwork than traditional mortgages. Offers competitive interest rates and flexible terms for qualified borrowers.

Faster Approval Process:

Requires less paperwork than traditional mortgages. Streamlined underwriting for quicker loan decisions.

Diverse Property Options:

Available for primary residences, second homes, and investment properties.

Unlimited Cash-Out Refinance:

Access the equity in your home without limitations.

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Loan Lock Home Loans 1099 Loan Programs

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Expert Guidance

Our experienced mortgage advisors will explain the nuances of APR and interest rate, empowering you to make informed decisions.

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Transparent and Honest Approach

We believe in full disclosure and will clearly outline all fees and costs associated with your loan.

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Personalized solutions

We'll tailor our recommendations to your unique financial situation and goals.

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Commitment to Your Best Interests

We'll work tirelessly to secure the most favorable terms for your mortgage, ensuring you achieve your homeownership dreams with confidence.

Types of Non-QM Loans Available with Ameritrust

Tailored loan options for self-employed, fluctuating incomes, or unique credit needs.

Bank Statement Loans

Leverage your bank statements to demonstrate income and qualify for financing.

Income Verification:12 or 24 months of bank statements

Maximum Loan Amount:Up to $3.5 Million

Maximum DTI:50%

Loan Purposes:Purchase, rate/term refinance, cash-out refinance

Property Types:Primary residence, second home, investment property

Income Calculation:Based on average deposits over the statement period

Eligible Borrowers:Self-employed, freelancers, business owners

Additional Documentation:May include P&L statements, tax returns (if available), asset statements

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A bank statement loan is a mortgage option tailored for self-employed individuals, allowing them to verify income using personal or business bank statements instead of traditional documents like tax returns, W-2s, or paystubs.

This program is ideal for small business owners, independent contractors, or those who don't own 100% of their business.

Our Bank Statement program offers a loan solution for credit-worthy self-employed borrowers who might not qualify for a conventional home loan, helping them secure the financing they deserve.

How Can we Help?

Relax and take comfort in knowing that our 24/7 support ensures you're never alone on your financial journey.

Get in touch with our Loan Agents at

714-814-2125

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714-814-2125

info@loanlockhomeloans.com

Address: 6 Hutton Centre Drive,Suite 1030, Santa Ana,CA92707

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