What Is a 1099 Mortgage? | Leo Namiot FL Mortgages | Leo Lends FL Mortgage Lender
A 1099 mortgage is a home loan designed for self-employed borrowers, independent contractors, and business owners in Jacksonville and St. Augustine who receive income through Form 1099. Instead of requiring full tax returns, lenders may use your 1099 income to help you qualify.
This is a major advantage if you maximize tax deductions. Traditional loans often use your net income after write-offs, which can make qualifying harder. With a 1099 mortgage, you may qualify using your gross 1099 earnings, giving you more buying power and flexibility.
Ideal for:
• Self-employed borrowers
• Realtors & commission-based professionals
• Contractors & freelancers
• Small business owners
If you're buying or refinancing in Jacksonville, St. Augustine, or anywhere in Northeast Florida, a 1099 mortgage could help you qualify without the headaches of traditional income calculations.
Call/Text 904-712-1500 to learn more!
NMLS#89769
Leo Namiot | FL Mortgages
Leo Lends FL | Mortgage Lender
Message me to see if a 1099 loan is the right fit for you.
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