# 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.

    Apply Now   650-200-2304

    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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    650-200-2304

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    "Kristin Howard is genuinely helpful, knowledgeable, and accommodating. She went out of her way to assist us not once but three times now. Home purchase, home equity loan to update and upgrade our home, and refinance. VA loans she’s hands down the best!"
    "I had the absolute pleasure of working with Kristin Howard on three separate deals, and I can confidently say that she is an incredible professional. Each time, Kristin made the entire process seamless, stress-free, and efficient. Her attention to detail, clear communication
    "I’ve had the pleasure of working with Kristin Howard for the last two years. She has been a substantial asset to My business, No matter the loan size. She is dedicated to her work and Facilitating the process. If One is trying to obtain commercial financing, Residential, Or
    "Outstanding Service and Expertise! I had the pleasure of working with Silvia during my home purchase, and I cannot recommend her highly enough. From the very beginning, Silvia demonstrated exceptional professionalism, expertise, and genuine care for my needs. She took the ti
    "I worked with Silvia she was very knowledgeable and creative! Outstanding experience and highly recommended."
    "Groves Capital is truly the best in the country. Their team is exceptional, providing outstanding service with unmatched professionalism. Highly recommended!"
    "Kristin Howard & Travis Welfle were amazing. They were very responsive and diligent. Kristin walked me through the whole process and made the experience less stressful than I had anticipated. Thank you!"
    "I have financed multiple properties with these guys, and it's been amazing every time. The process was seamless. And I got the best possible rate. They are incredibly professional and efficient. Highly recommended."
    "John Murdock was such a pleasure to work with he went above and beyond to be sure everything was transparent. He made sure we had the knowledge on what to expect through the loan process. he is definitely an asset to your company. Will definitely use him again when needing f
    "We felt very supported in our loan and made the process very easy. Thank you to Chris and his team for the excellent communication and support."

    #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
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