Non-QM
1099 Only Mortgages
For self-employed individuals, securing a mortgage can be challenging. CMRE's 1099 Only Mortgage program simplifies the process, offering flexible qualification options and competitive rates starting at 7.5%. This program is designed to help you achieve your homeownership dreams without the complexities of traditional income verification.
Program Benefits
Streamlined qualification process for 1099 earners.
Competitive interest rates starting at 7.5%.
Ideal for self-employed individuals and independent contractors.
Avoid the hassle of providing extensive income documentation.
Access loan amounts tailored to your needs.
Opportunity to purchase or refinance a property with greater ease.
Program Highlights
Max LTV
80%
Min Credit Score
660
Max DTI
55%
Loan Amount Range
$100K - $3M
Amortization Options
Eligible Properties
- Single Family
- Condo
- Townhouse
- Multi-Family (1-4 units)
Program Requirements
Income Documentation
- •12-24 months of 1099 income history.
- •Verification of consistent self-employment income.
- •Review of business expenses and deductions.
- •Consideration of overall financial stability.
Asset Verification
- •Sufficient funds for down payment and closing costs.
- •Verification of liquid assets, such as savings and investments.
- •Review of asset statements to assess financial strength.
- •May require reserves depending on loan amount and LTV.
Insurance & Title
- •Homeowners insurance to protect the property.
- •Flood insurance if the property is in a designated flood zone.
- •Title insurance to protect against title defects.
- •Proof of insurance coverage prior to closing.
Property Requirements
- •Minimum FICO score of 660.
- •Review of credit history for any adverse events.
- •Demonstrated history of responsible credit management.
- •Lower rates may be available for borrowers with higher credit scores.
Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Frequently Asked Questions
Typically, you'll need to provide 1-2 years of 1099 tax returns, bank statements, and asset statements. We may also request additional documentation to verify your income and financial stability. Our team will provide a detailed checklist to help you gather the necessary documents.
The minimum FICO score is 660. However, a higher credit score may qualify you for a lower interest rate.
The maximum LTV is 80%, meaning you'll need a down payment of at least 20%.
The 7.5% is a starting rate. Actual rates may vary depending on your credit score, loan amount, and other factors. We offer both fixed-rate and adjustable-rate options.
Sam K.
Senior Loan Strategist
With over 15 years in the mortgage industry, Sam specializes in complex jumbo and non-qm financing solutions, helping clients navigate unique financial landscapes.
NMLS #12345 | Certified Mortgage Advisor (CMA)
TESTIMONIALS
Success stories from families and investors across the nation who achieved their goals with CMRE.
"I've been working with Custom Mortgage and Real Estate for over five years now, and they've totally helped me get through a bunch of tricky transactions. Their team is super helpful all the way through, making sure everything goes off without a hitch. I seriously recommend Custom Mortgage to anyone who needs financing or a solid real estate broker."
RENE M
"I just worked with Custom Mortgage and Real Estate, and seriously, I can't recommend them enough. They have helped my family and me with a bunch of transactions, always receiving results that nobody else could. Their team is super responsive and really experienced, which made everything go through smoothly with no stress at all."
ARTHUR G
"As an investor in real estate and an agent, I totally count on Custom Mortgage and Real Estate for my deals since they've got loads of experience. They have these unique programs that I just can't find anywhere else, and it really gives me an advantage. After researching a number of companies, the offers from Custom Mortgage were the best out there."
