1099 Mortgage

Power Your Homeownership Journey with 1099 Mortgages

Dedicated Mortgage Solutions for Independent Contractors

640

Minimum Credit Score

50%

Maximum Debt To Income

90%

Maximum Loan To Value

$15M

Maximum Loan Amount

With 1 Application,130 Mortgage Lenders Will Compete For Your Business

Unlock unparalleled opportunities with a single application. Dive into a competitive marketplace where 130 top-tier mortgage lenders vie to offer you the best terms, ensuring you get the deal you deserve. It’s not just about choice; it’s about empowering you with the best options available.

🔒Does not Affect Credit. No SSN until you’re ready.

Lightning Loans by Innovative Mortgage understands the ever-evolving landscape of self-employment and the unique financial documents that come with it. For those who may not have traditional forms of income documentation but earn their livelihood through 1099 forms, we extend our 1099 Mortgage program—a loan solution tailored to the specific needs of independent contractors and freelancers.

Features of the 1099 Mortgage Program:

Simplified Income Verification:

The 1099 Mortgage program uses 1099 forms to verify income, eliminating the need for tax returns which may not fully reflect your earning potential due to deductions and business expenses.

Adaptability for Varied Income Histories:

Whether your income is project-based or seasonal, our loan officers review 12 to 24 months of 1099 forms and bank statements to understand your true financial picture.

Competitive Loan Terms:

With Innovative Mortgage’s 1099 program, you can access competitive rates and terms that align with your individual financial standing and housing goals.

Diverse Loan Options:

We offer a variety of loan products to fit your needs, from fixed-rate mortgages to adjustable-rate mortgages (ARMs), ensuring that you find the optimal solution.

Program Requirements:

Applicants should be able to provide a history of 1099-based income, typically for the past two years, to qualify for this program.
A credit history review is also part of the qualification process, with solutions available for those with near-prime credit scores.

Streamlined Application Process:

Our loan specialists are adept at navigating the complexities of 1099 income, providing a smooth application process that recognizes the nuances of self-employment.

Leverage Your Earnings for Homeownership:

The Innovative Mortgage 1099 Mortgage program acknowledges that your 1099 income is a legitimate and stable form of earnings. We are equipped to help you leverage this income into homeownership or real estate investment without the barriers that traditional

Pros of 1099 Mortgages

Designed for 1099 Workers

Tailored to the unique needs of independent contractors, freelancers, and self-employed professionals.

Flexibility and Ease

No need to worry about W-2 forms or consistent work history. Your 1099 forms are all we need.

Fast Closings

Our process for 1099 mortgages involves fewer restrictions, leading to quicker closings.

Cons of 1099 Mortgages

Higher Cost

Compared to conventional mortgages, 1099 mortgages could come with slightly higher costs.

Potential Prepayment Penalty

Although fully disclosed and optional, opting out of a prepayment penalty may slightly increase the cost.

Key Issues That Will Get Early Attention

Determine Eligibility

Let's examine your 1099 income to verify your eligibility for a 1099 mortgage.

Understand Income Calculation

We'll explain how we calculate your income based on your 1099 forms.

Prepare Necessary Documentation

We'll guide you through gathering the necessary documentation for a smooth application process.

Explore Your Options

Let's look at all your loan options to find the one that fits best with your financial situation.

We're Simply Better and Not Just on Price...

We Have More Lenders and More Loan Programs

Diverse Choices, Tailored for You: With a vast array of lenders and loan programs, we ensure a perfect fit for your unique financial needs.

Our Loyalty is To YOU not the lender

Your Interests, Our Priority: Our commitment is to you, not the lenders, ensuring unbiased and dedicated support throughout your mortgage journey.

Non QM, Convert to Cash and Flexible Funding Options Available

Flexible, Innovative Financing: Explore Non-QM loans, easy cash conversion options, and flexible funding solutions tailored for your financial freedom.

🔒No Credit Pull, No Obligation.

Compare For Yourself

Explore the difference that sets us apart in the financial world. See how our innovative services and unmatched benefits distinguish us from the competition, ensuring you make an informed choice.

Lightning Loans

Local Bank Branch

Big Name Online Lenders

Shops Hundreds of Lenders

Scans Thousands of Programs To Find You The Best Available

Is Loyal to Borrowers and Not Lenders

Has Multiple No Tax Return Mortgage Options

Can Show You Conventional and Non QM Options

Multiple 100% Financing Options for First Time Home Buyers

Can Do Hard Money, Bridge Financing and Other Unique Funding Types

🔒No Credit Pull, No Obligation.

You need a tenacious loan officer who has obsessively over-prepared and knows every single trick in the book to secure the ideal mortgage for your unique situation

And that is exactly what you'll find when working with me…

Read What Our Happy Clients Have to Say

Don't Wait, Secure Your Perfect Mortgage Today

"Andres is dependable, reliable and productive to the highest degree. His services will be required by our company in the future, and unequivocally we will be contracting him."

"A true example of a multitasking 24/7 powerhouse with no deal is too small attitude coupled with creative thinking and always open mind!!!"

"Lightning Loans made the mortgage process so easy and stress-free. Their team is knowledgeable and dedicated to providing tailored solutions for each client. I highly recommend them." -

1. Unparalleled Access to Mortgage Options With a Single Application

With a single application, we’ll comparison shop thousands of loan programs across hundreds of lenders.

This includes conventional loans at 130 different sources, FHA loans at 130 different sources, and even bank statement or no tax return options. If a mortgage product exists, we have access to it.

No more wondering if you’re getting the best deal – we’ll make sure of it.

2. Expert Guidance and Outstanding Communication

With over two decades of experience working with clients, I’ve developed a keen sense of what my clients need and when they need it.

It’s almost like having a psychic connection!

I pride myself on putting my clients first and providing outstanding communication throughout the entire mortgage process.

3. A Faster, Easier Path to Perfect Mortgage Loans For Your Specific Situation

Say goodbye to the headaches and hassles of traditional mortgage processes.

With Lightning Loans, you’ll enjoy a streamlined, efficient journey that gets you to your goals faster and with less stress.

You’ve got enough to worry about, let us put your mind at ease with regard to your mortgage financing.

We only request the things that are absolutely necessary

4. The Peace of Mind Knowing You've Made the Right Choice Because You've Seen ALL Your Options

When you work with Lightning Loans, you’re not just getting a mortgage –

You’re getting a partner who is committed to your success.

We’ll go above and beyond to ensure that you’ve made the best possible choice for your unique situation.

These might just seem like words on a page but one conversation with us and it will be abudantly clear to we walk our talk.

Experts at your service.

Meet the experts committed to providing you with exceptional financial solutions

Andres Garcia

Loan Officer

Dedicated, high energy real estate expert that is adept at working with investors and traditional borrowers.

Your Contact

Andrew Kashella

Senior Vice President

Mortgage Industry veteran responsible for thousands of loan originations and billions in closings.

Bryan P. Ehrlich

CEO/General Counsel

Founder, Juris Doctor and Lead Counsel for Innovative Mortgage Services.