Get Approved for 1099 Mortgage Loans

We make it fast and easy to get a mortgage

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Simple 3 Step Process

Schedule A Consultation

Schedule A Consultation

Consult with one of our experienced loan officers who will comprehend your objectives and assist you in formulating a strategy.

Understand Your Options

Understand Your Options

Learn about the available unconventional mortgage options designed for 1099 individuals.

Close Your Loan

Close Your Loan

We will help you through a stress-free loan application procedure and close on time.

Mortgages Designed For 1099 Contractors

As a 1099 contractor, getting a mortgage can seem like a daunting task. You may be wondering how you can qualify when you don’t have a W-2 form.

Don’t worry, Lending Warehouse is here to help! We will walk you through the process of getting a mortgage as a 1099 contractor and explain how to get the best rates possible.

Creative Mortgage Options For Savvy Entrepreneurs

Mortgages Designed For 1099 Contractors

Lending Warehouse will help you discover creative mortgage programs built specifically for investors, business owners, entrepreneurs and more. Here are some advantages to the mortgage solutions we will show you.

Credit Scores 640+

Credit Scores
640+

Self employed professionals are constantly making investment risks which often prevent perfect credit scores. Have no worries. Lending Warehouse understands how to identify savvy investors. We are here to help you!

No Income Verification

No Income
Verification

In no-income-verification mortgages, lenders do not require applicants to verify or document their source of income. Other names for these mortgages include “stated-income” loans and “no-doc” or “alt-doc” loans, however they all fall under the same umbrella description with only slight differences.

Low To No Down Payments

Low to No Down
Payments

Low-down-payment jumbo loans can be especially useful for first-time homebuyers and investors in high-priced regions who prefer to minimize down payments.

2nd Home Rental Properties

2nd Home
Rental Properties

Real estate investing requires capital. A lot of it…
But one of the greatest advantages of real estate is the ability to leverage financial institutions funds to develop an investing portfolio.
We are here to help you understand the out side the box solutions.

WHY LENDING WAREHOUSE

At Lending Warehouse, we specialize in unconventional mortgages for 1099 and self employed individuals. Our team is highly experienced with creative options specific to your needs.
Our reputation was built on:
Testimonials

Hear From Lending Warehouse Clients

Creative Mortgage Solutions For Self Employed Programs

Unconventional Mortgage Loan Options

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LOW DOWN PAYMENT

Rental income might be a wonderful method to protect your money from continued volatility. Learn the financing requirements and mortgage options for rental properties.
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ZERO DOWN

Low to no down payment programs are available to homebuyers across the nation. Discover the available programs available to savvy business owners in your state.
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NO DOC

Learn creative mortgage refinancing strategies to leverage your equity and capitalize on real estate investment opportunities.
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REFINANCE

Rental income might be a wonderful method to protect your money from continued volatility. Learn the financing requirements and mortgage options for rental properties.
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REVERSE

Low to no down payment programs are available to homebuyers across the nation. Discover the available programs available to savvy business owners in your state.
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STATED INCOME

Learn creative mortgage refinancing strategies to leverage your equity and capitalize on real estate investment opportunities.
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JUMBO

Low to no down payment programs are available to homebuyers across the nation. Discover the available programs available to savvy business owners in your state.

Custom Mortgage Programs

Discover unconventional mortgage options

As a 1099 contractor, getting a mortgage can seem like a daunting task. You may be wondering how you can qualify when you don’t have a W-2 form. Don’t worry, we’re here to help! In this guide, we’ll walk you through the process of getting a mortgage as a 1099 contractor and explain how to get the best rates possible. So read on and let us help you take the first step towards homeownership!

What is a 1099 Mortgage?

A mortgage for a contractor is very similar to a regular mortgage, with a few key differences. The biggest difference is that instead of using your W-2 income to qualify, we’ll use your last two years of tax returns. This is because as a contractor, you likely have fluctuating income from year to year. By using your tax returns, we can get a more accurate picture of your overall income and better assess your ability to repay the loan.

Another key difference is that you’ll need to make a larger down payment. This is because lenders perceive contractors as higher risk than those with W-2 income. As a result, they’ll require you to put down a larger down payment – typically 20% or more.

But don’t let these differences deter you! Getting a mortgage as a contractor is definitely possible, and we’re here to help you every step of the way. So read on to find out how you can qualify and get the best rates possible.

How to qualify a mortgage with 1099 income?

The first step is to gather your documents. You’ll need your last two years of tax returns, as well as bank statements and asset statements. Once you have all of your documentation in order, the next step is to speak with Lending Warehouse. They’ll be able to review your documents and help you determine what type of mortgage and loan terms you qualify for.

Once you’ve found a loan that works for you, the next step is to apply! The application process for a contractor mortgage is very similar to a regular mortgage. You’ll need to fill out an application and provide your documentation. Once your application is complete, the lender will review it and make a decision.

The difference between a 1099 mortgage and other types of mortgages?

The biggest difference between a regular mortgage and a contractor mortgage is how your income is calculated. With a regular mortgage, your W-2 income is used to qualify. However, with a contractor mortgage, your last two years of tax returns are used instead. This is because as a contractor, your income can fluctuate from year to year. As a result, using your tax returns provides a more accurate picture of your overall income and helps the lender assess your ability to repay the loan.

Another key difference is the down payment. With a regular mortgage, you’ll typically need to put down a minimum of 20%. However, with a contractor mortgage, you may be required to put down a larger down payment – typically 20% or more.

So there you have it! Now you know how to get a mortgage if you’re a contractor. Just remember to gather your documentation, speak with a Lending Warehouse representative, and apply for the loan that’s right for you. We wish you the best of luck in your journey to homeownership!