Mortgage amounts vary based on LTV, Credit, and overall creditworthiness*
More reserves will be required for mortgage amounts over $1,000,000.00**

1099 Jumbo Mortgage Financing

No W2? No Problem. Qualify Using 1099 Income With Ease 


1099 Jumbo Financing Options Designed For Today's Market

  • Loan Amounts Up To $4 Million.
  • Unlimited Refinance Cash Out Up to $3 Million
  • Minimum 660 FICO Score to Qualify
  • Qualify 12 or 24 Months of 1099 Income
  • No W-2s, Pay Stubs, Or Tax Returns Required.
  • Interest Only Options Available On All Programs.

What is a 1099 Jumbo Mortgage?

A 1099 mortgage is a specialized mortgage financing solution that caters to individuals who are 1099 entrepreneurs, freelancers, gig workers, or self-employed professionals. Unlike traditional mortgage options that primarily rely on W-2 income verification, a 1099 mortgage acknowledges the unique income structure of these individuals and provides a pathway to homeownership that aligns with their dynamic financial profiles. Our commitment to you, the 1099 entrepreneur, is to provide flexibility and understanding. 

Ready To Make the Call? 
Connect with a MBANC Loan Officer Today

Embrace the possibilities of enhanced mortgage financing as a self-employed individual. Discover how a 1099 Jumbo Mortgage can provide you with the tailored financing solution you need.

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Self-Employed Mortgage Success Stories

Frequently Asked Questions

Bank Statement Mortgages are specialized mortgage programs designed for self-employed borrowers. They allow applicants to use their bank statements as proof of income instead of traditional tax returns.


When using a 1099, we will review your total income and take away an expense ratio of 10% (unless otherwise provided) 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!

Self-employed borrowers will need to submit all required documentation to qualify, such as:

  • Proof of Income
    • 1099 Income
  • 2 Years of Self-Employed Work History
    • If you co-own a business, you’ll need to document how much of the business you own.
  • Borrower Financial Details
  • Property Details 

No, 1099 Jumbo Mortgages can be used for primary residences, second homes, and investment properties.

Yes, 1099 Jumbo 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.

Many people buying homes may need to combine sources of income to qualify for a mortgage. Traditionally, this means two or more tax returns. However, self-employed borrowers can qualify for a self-employed mortgage using multiple different sources of income documentation.

Your specific mortgage rate is influenced by a range of elements: income evaluation method, down payment/equity status, credit score, loan term, income, and debt. Reach out to us for a complimentary quote on our competitive rates for self-employed mortgages and discover your potential qualification amount