1099 Mortgage Loans
Determined self-employed professionals deserve exceptional properties too.
You work hard every day to build a solid business. In fact, 10% of the USA workforce is an independent contractor – just like you. MBANC supports the self-employed community with accessible and flexible mortgage financing options.
MBANC’s
97% Pull-Through Rate
What is a “pull-through rate?” This is another way of saying that our word means something.
When we tell you (or a realtor) that you are pre-approved for a loan, it means you are, in fact, pre-approved for a loan.
Unlike other lenders, we won’t jeopardize your property deal or frustrate your realtor with meaningless pre-approval letters based on an online form.
We do a thorough investigation of all the information you provide us. 97% of our official pre-approvals move on to full mortgage underwriting approval. (The other 3% are usually borrowers who change their mind about the property).
Our excellent results demonstrate our unwavering dedication to clients like you.
Try Our 2-Minute QuickQual
OR
Thank you so much for applying with MBANC. Unfortunately, your loan parameters are not within
our criteria at this time. Please keep us in mind for any future transactions- we appreciate your time
and consideration.
Thank you

We take into account true 1099 income
Unlike traditional mortgage options that primarily rely on W-2 income verification and tax return for large sums, a 1099 mortgage loan acknowledges your unique income structure as an entrepreneur, freelancer, gig worker, or self-employed professional. Our MBANC 1099 Mortgage Loan provides a pathway to property ownership that aligns with your dynamic financial profile.
- Get a loan amount up to $4M
- Apply using 90% of your gross 1099 income
- Enjoy unlimited refinance cash-out up to $3M
- Use a minimum 660 FICO credit score to qualify
- Forget W-2s and pay stubs
- Interest-only mortgage options available
They were very efficient, professional, and friendly in handling my documents for the loan application. I finally got a loan approval before the closing date. I deeply appreciate a great job done by Mayer and the team (Alan and Lateefah). Hence, I recommend borrowers this lender for mortgage loan.
Ying-Ying Li
How the process works
Busy entrepreneurs count on MBANC to meet tight closing deadlines
Let's connect
There is no need to schedule a call; the expense is on us. We aren’t stuffy bank employees, but knowledgeable experts in our field with practical experience dealing with 1099 income.
We can decipher your financial information quickly
The primary documentation required for the 1099 Jumbo Mortgage is proof of your 1099 income. We have a proven process to get the application process wrapped up quickly.
Do you have at least two years of work history?
If you have been self-employed for at least two years, let’s discuss your loan amount options. If you have multiple 1099 jobs, that works too.
Expert underwriting interpretation
We are business owners – just like you. We interpret your income based on your profession and can analyze your documents quickly and efficiently. Our ability to approach every loan file from various angles ensures a thorough and creative approach to underwriting.

Congratulations! If you're an independent contractor, you've just found the perfect mortgage
Working with 1099 mortgage loan clients is one of our specialties. You’ll be pleasantly surprised with how we save you time with our methodical 1099 mortgage loan process.
As an independent contractor, we know you are short on time and extra energy to dedicate to loan bureaucracy. Forget pay stubs and W-2 tax forms to qualify. Let’s get you the quailed for most amount of money based on 90% of your 1099 income – so you can get back to doing what you do best (your job).
Loans free from W-2s and tax returns
Mortgage Approval Made Simple
Aside from great mortgage programs, at MBANC, you’ll find enthusiastic and knowledgeable experts ready to offer you premier service.
Interest-Only Mortgage
Investors love the tax benefits for offsetting mortgage interest.
1099 Jumbo Mortgage Financing
No W2? No Problem. Qualify Using 1099 Income With Ease
Blog
1099 Mortgage Loan Success Stories
Ready To Make the Call?
Connect with your expert mbank Loan Officer Today.
Embrace the possibilities of enhanced mortgage financing as an independent contractor. Discover how a 1099 Jumbo Mortgage can provide you with the tailored financing solution you need.
Frequently Asked Questions
Contact us for a complimentary quote on our competitive rates to discover your potential qualification amount.
What are 1099 Mortgages?
When using a 1099, we will review your total income and take away an expense ratio of 10% and qualify you on the remaining 90% of income. If you have several forms of income, we will add all of the sources together to determine your average monthly income. We can consider most sources of income that have a two-year history.
What documents are needed for a 1099 Mortgage?
- Proof of Income
- 12 to 24 Months of 1099 Income
- Year to date documentation to support continued receipt of income from same source.
- Borrower Financial Details
- Property Details
Are 1099 Mortgages only for primary residences?
No, 1099 Mortgages can be used for primary residences, second homes, and investment properties.
What are the benefits of choosing a 1099 Mortgage as a freelancer or self-employed professional?
Choosing a 1099 Mortgage can offer numerous benefits for freelancers and self-employed professionals, including a more flexible qualification process that considers a wider variety of income sources, potentially making it easier to qualify for a mortgage compared to traditional Options that rely on and tax return income documentation.
Can I qualify for a 1099 Mortgage using multiple income sources?
Yes, Bank Statement Mortgages are generally more flexible because they consider a broader range of income sources. This flexibility can make it easier for self-employed individuals to qualify for a mortgage.
How does a 1099 Mortgage accommodate fluctuating income levels?
The 1099 Mortgage Program is designed to accommodate the dynamic financial profiles of individuals with fluctuating income levels. By considering a broader range of income sources and allowing qualification based on 90% of the gross 1099 income from the past 12 or 24 months, it offers a more flexible approach to mortgage qualification compared to traditional mortgages.
What are the rates for 1099 Mortgages?
The interest rates on a 1099 Mortgage can be influenced by various factors including your credit score, the loan-to-value (LTV) ratio, the type of property you are purchasing, and the current market conditions. Reach out to us for a complimentary quote on our competitive rates for self-employed mortgages and discover your potential qualification amount.