1099 Mortgage Loan
The Smart Lending Solution for Independent Earners Who Don’t Fit the Box
What is a 1099 Mortgage Loan?
A 1099 mortgage loan is a Non-QM loan program that allows borrowers to qualify based on income reported on their IRS 1099 forms, rather than tax returns or traditional pay stubs.
This program is specifically built for high-performing individuals who:
- Earn income through contract work or commissions
- File as independent contractors
- Own LLCs, corporations, or operate as sole proprietors
- Legally reduce taxable income through deductions and business write-offs
Rather than penalizing you for tax strategy, this loan uses gross 1099 income to qualify you for a home purchase or refinance—fast, efficiently, and without unnecessary friction.
Who is a 1099 Loan For?
This program is ideal for:
- Real estate agents and brokers
- Freelance consultants and strategists
- Commission-based sales professionals
- Creative professionals and media contractors
- Medical and legal consultants working independently
- Insurance, mortgage, or wealth management professionals
- Tech contractors and digital entrepreneurs
If you receive one or more 1099s each year and want a mortgage that works with your income—not against it—this loan is for you.
The Benefits of Using a 1099 Loan to Purchase or Refinance
1. No Tax Returns Required
Avoid years of unnecessary paperwork. Qualify based on your 1099s—not your deductions.
2. Fast, Flexible Approval
Pre-approvals are issued in as little as 24–48 hours. With no tax return analysis required, underwriting moves significantly faster.
3. Ideal for Purchases or Refinances
Use a 1099 loan to:
- Buy a primary residence
- Purchase a vacation or second home
- Refinance to lower your rate or extend your term
- Cash out equity to reinvest in real estate, your business, or other ventures
4. Build a Stronger Loan Around Your Actual Income
We qualify you based on your real income flow, not what’s left after deductions.
5. Flexibility for High-Income Borrowers
Whether you earn $150,000 or $1,500,000 annually through contract work, our 1099 loan is structured to scale with your success.
How It Works
Step 1: Strategy Session
We start with a conversation—not a checklist. Your Mbanc advisor will assess your income structure, goals, and preferred documentation route.
Step 2: Submit 1099s
Send in one or two years of 1099 income forms. We calculate a qualifying income average based on your gross receipts.
Step 3: Get Pre-Approved
Receive a clear pre-approval so you can shop for property or move forward with a refinance with complete confidence.
Step 4: Close Fast
Once your file moves to underwriting, most loans close in 21–30 days with no delays caused by traditional tax-return underwriting.
Why Choose Mbanc?
- We specialize in Non-QM lending for independent earners
- We don’t ask for tax returns unless you want to provide them
- We close loans with speed, precision, and discretion
- We offer loan structures designed to match your income flow
- We understand complex financials, and we don’t punish you for success
At Mbanc, we work with people who are self-made, financially capable, and ready to move quickly without answering to outdated bank models.
Your Income Is Real, Your Loan Should Be Too
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