# Non-QM Loans

Self Employed 1099 Mortgage

A 1099 mortgage loan is a type of loan that is reported on IRS Form 1099, which is used to report miscellaneous income. This type of loan is often offered to self-employed individuals or those with a high income, and it is not backed by a government agency such as the Federal Housing Administration (FHA) or the Veterans Administration (VA).

On the other hand, a conventional home loan is a type of mortgage that is not backed by a government agency. Conventional loans are typically offered by banks and other financial institutions, and they are usually the best option for borrowers with good credit and a stable income. These loans typically have lower interest rates and fees than 1099 mortgage loans.

Overall, the choice between a 1099 mortgage loan and a conventional home loan will depend on your individual financial situation and goals. It’s important to carefully compare the terms and rates of each type of loan and consult with a mortgage lender to determine the best option for you.

    Apply Now
    (866) 382-1466

    Up to
    90%
    LTV - Purchase
    90%
    LTV - Rate & Term
    90%
    LTV - CASH OUT
    $150K - $5M
    Price Range

    Apply Now!

    # Non-QM Loans

    1099 Mortgage Loans vs. Conventional Home Loans?

    Self-employed borrowers can improve their prospects by increasing their credit score, offering a larger down payment, or paying down debt, among other strategies. 

    One problem that self-employed individuals run into is that they use business expenses to reduce taxable income, which means less qualifying income for a mortgage. 

    Conventional loans, FHA loans, and bank statement loans are among the self-employed mortgage options.

    It's also possible to take out a joint mortgage or enlist a co-signer.

    Apply Now
    (866) 382-1466

    Testimonials

    "Mike Reeves was absolutely amazing. The best loan officer I could have asked for. He was there every single step of the process and answered all my questions immediately. I would HIGHLY recommend him to anyone looking to purchase! Great attitude, can do it spirit, and very k
    "I recently had the pleasure of working with Lance Gebhart on my journey to becoming a first-time homeowner, and I cannot express my gratitude enough for the outstanding service he provided. From the initial stages of the homebuying process to well beyond the closing, Lance
    "I had an incredible first experience with Groves Capital. I was thoroughly impressed with Kristin Howard's ability to consider all options to find solutions using her vast knowledge and experience. Despite a few challenges, she always put in the work to find a way forward be
    "Very professional and spent the time and effort needed to complete the loan despite many obstacles Kristen Howard NEVER gave up and placed the loan"
    "We just bought a house with the help of Chris Mishima! He was our realtor AND our mortgage broker, which are both difficult jobs separately, yet he did them both so well. The odds weren’t always in our favor, and Chris fought hard for us to get the best deal possible. We are
    "Ashley was very helpful and was very pleasant to deal with!"
    "Kristin was hands down the most dedicated and hard-working loan specialist I have ever witnessed. I have closed over 10 loans in the last 3 years, and Kristin was hands down the most experienced, knowledgeable and dedicated person I have ever seen. I personally had a pair

    #Apply For 1099 Loan

    Why Should You Choose Us?

    We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.

    • Customer Focused
    • Minimal Documentation
    • In-Houses Controls
    • Best Loan Services
    Apply Now
    (866) 382-1466
    About Image 2

    # Apply Now!

    Our Core Investing Service

    Whether you’re looking to purchase a new home or refinance your existing home,Groves Capital can provide all the help you need.

    Round

    Gig-Economy

    We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

    Learn More
    Round

    Bank Statement

    We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

    Learn More
    Groves Inner Page Img 2
    Round

    Jumbo

    We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

    Learn More
    Groves Inner Page Img 6
    Round

    Self Employed

    We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

    Learn More
    Groves Inner Page Img 3
    Round

    Stated Income

    We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

    Learn More
    Groves-Inner-Page-Img-5 1
    Round

    Super Jumbo

    We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

    Learn More
    Groves Inner Page Img 5
    Round

    Second Positon

    We know that each client has unique needs; we’ve built a reputation of being able to deliver a broad menu of options to our clients while maintaining great service and timely delivery.

    Learn More

    #Apply For 1099 Loan

    States We Lend In

    groves-capital-map

    Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

    Apply now
    (866) 382-1466