As a 1099 contractor, you're used to navigating complex projects, but securing a home loan can feel like uncharted territory. You're not alone in feeling frustrated with traditional mortgage requirements that don't account for your unique income situation. At NMHL, we understand your challenges and are here to help you find the right loan solution.
”At NMHL, we work with borrowers in exactly this situation every day. We understand the uncertainty, the frustration, and the worry that comes with navigating a mortgage during a significant life event. You are not alone, and your situation does not have to be a barrier to homeownership.
Our licensed loan officers specialize in finding the right path forward for borrowers in complex circumstances. Whether your situation requires specialized documentation, alternative qualification methods, or simply a lender who takes the time to understand your full financial picture, we are here to help you move forward with confidence and clarity.
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Proven Solutions for Your Situation
Bank Statement Loan Solution
Our Bank Statement Loan program uses your bank statements to verify income, making it easier to qualify for a mortgage. With this program, you can qualify with as little as 12 months of bank statements.
NMHL Pre-Approval Advantage
Get pre-approved with NMHL and discover your home buying power. Our pre-approval process is fast and flexible, accommodating your unique income situation as a 1099 contractor.
Conventional Loan Alternative
While conventional loans can be challenging for 1099 contractors, NMHL's Conventional Loan Alternative offers more flexible underwriting. You may qualify with a lower credit score or alternative income documentation.
Personalized Guidance for Your Situation
No two mortgage journeys are alike. Our experienced advisors take the time to understand your unique circumstances and find the best path forward.
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Understanding 1099 Contractor Home Loans
As a 1099 contractor, you're considered self-employed and face unique challenges when applying for a mortgage. Traditional lenders often struggle to accommodate non-traditional income documentation, making it difficult to qualify for a loan. At NMHL, we specialize in helping 1099 contractors like you navigate the mortgage process.
Our loan programs are designed to accommodate your income situation, providing more flexible underwriting and alternative documentation options.
Don't let traditional mortgage requirements hold you back. Explore your options with NMHL today.
Bank Statement Loan Program
Our Bank Statement Loan program is a game-changer for 1099 contractors. By using your bank statements to verify income, we can qualify you for a mortgage with as little as 12 months of bank statements.
- No tax return required
- Competitive interest rates
- Flexible underwriting
Get pre-approved today and discover your home buying power.
Conventional Loan Alternative
While conventional loans can be challenging for 1099 contractors, NMHL's Conventional Loan Alternative offers more flexible underwriting. You may qualify with a lower credit score or alternative income documentation.
Our loan officers will work with you to determine the best loan option based on your unique situation.
Don't settle for a mortgage that doesn't fit your needs. Explore NMHL's Conventional Loan Alternative today.
Getting Started with NMHL
Ready to explore your mortgage options as a 1099 contractor? Start by getting pre-approved with NMHL. Our fast and flexible pre-approval process provides a clear picture of your home buying power.
Contact us today to speak with an experienced loan officer and discover your home loan options.
Get pre-approved in 24 hours or less with NMHL.
Frequently Asked Questions
Yes, you can use your 1099 income to qualify for a mortgage with NMHL. Our Bank Statement Loan program and Conventional Loan Alternative accommodate 1099 income. We'll work with you to determine the best loan option based on your income documentation.
As a 1099 contractor, you can document your income using bank statements, tax returns, or a combination of both. NMHL's loan officers will guide you through the process and help you determine the best documentation option for your situation.
While credit score requirements vary by program, NMHL's Conventional Loan Alternative can qualify borrowers with a credit score as low as 620. Our Bank Statement Loan program may have more flexible credit score requirements depending on other factors.
Yes, you can get pre-approved for a mortgage with NMHL. Our pre-approval process is designed to accommodate 1099 contractors and provides a clear picture of your home buying power. Get pre-approved today and discover your options.
The mortgage closing process typically takes 30-45 days, but can vary depending on your situation. NMHL's experienced loan officers will guide you through the process and ensure a smooth closing.