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Empowering Independent & Self-Employed Borrowers
Non-QM 1099 Loan Program
At Premier Point Mortgage, we understand that traditional home loan programs often do not meet the needs of independent contractors, freelancers, and self-employed individuals who receive 1099 income.
This program allows you to leverage your 1099 income to purchase a home or refinance without the need for tax returns, W-2s, pay stubs, or traditional income documentation. Instead, qualification is based on a Written Verification of Employment (WVOE) from your company and recent bank statements showing your after-tax income. Whether you are buying your first home, an investment property, or refinancing an existing loan, this program opens doors that conventional loans often keep closed.
What you Will Need:
minimum 660 FICO
Must provide a WVOE
2 months of bank statements
How This Program Works
The Non-QM 1099 loan program is tailored to independent contractors and self-employed professionals who want a streamlined loan process without compromising loan amounts or property types. You can qualify with a minimum FICO score of 660 and loan amounts up to three million dollars depending on the property type and occupancy.
Income is verified through a WVOE form and two months of bank statements rather than traditional tax documentation. This allows self-employed borrowers with fluctuating income or complex tax returns to still get competitive financing. The program covers primary residences, second homes, and investment properties, including single-family homes, condominiums, PUDs, and properties with two to four units.
Get Started Today
If you are an independent contractor or self-employed professional looking for a flexible home loan option, Premier Point Mortgage is here to help. Contact us today to learn more about the Non-QM 1099 loan program or to start your application. Our mortgage experts will guide you every step of the way and help you find the best financing solution tailored to your unique income situation.
Advantages of Non-QM 1099 Loans
Simplified Documentation
- No need for tax returns, W-2s, pay stubs, or 4506-C forms, simplifying the documentation process
- Income verification through a Written Verification of Employment form plus bank statements provides flexibility
High Loan Limits
- Loan amounts available up to $3,000,000 to accommodate various borrowing needs
- Eligible for primary residences, second homes, and investment properties with multiple property types allowed
Matched Savings ProgramsFirst-Time Buyer Friendly
- First-time homebuyers can qualify up to 70 percent loan-to-value, increasing accessibility
- Competitive interest rates with streamlined underwriting to expedite loan approval
FAQ
Q: What documents do I need to qualify for this program?
A: You will need a Written Verification of Employment form completed by your company and two months of personal bank statements. There is no requirement for tax returns, W-2s, or pay stubs.
Q: Can I use this program to purchase an investment property?
A: Yes, this program is available for primary residences, second homes, and investment properties including single-family homes, condos, and properties with two to four units.
Q: How is my income verified if I do not provide tax returns?
A: Income is verified through a Written Verification of Employment form completed by your company and two months of bank statements showing your after-tax deposits.
Q: Can first-time homebuyers use this program?
A: Yes, first-time homebuyers are eligible to apply with loan-to-value ratios up to 70 percent.
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Premier Point Mortgage
NMLS #2184348
Discover leading properties and secure your dream home with us. Expert guidance and support at every step.
990 Raritan Rd. Clark, NJ 07066
Legal Statements
Credit and collateral are subject to approval. Terms and conditions apply. This is not a commitment to lend. Programs, rates, terms and conditions are subject to change without notice.
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