Home Loans for self-employed or 1099 borrowers doesn’t need to be difficult!

At First National Bank of America, we understand that not all borrowers fit into the standard mortgage loan box. When you don’t have the traditional W-2 or paycheck stubs to share with a mortgage lender, getting a mortgage can become a frustrating endeavor. We recognize that having flexible income documentation options is an important piece when it comes to obtaining a home loan. Our Non-QM loan programs allow you to use a borrower prepared Profit and Loss statement, our most popular method or your business or personal Bank Statements to qualify!

With common sense underwriting and flexible guidelines, we make getting into a new home achievable for self-employed borrowers every day! Our experienced team of professionals will work with you every step of the way to help you get into your new home!

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Program Highlights

  • Minimum Down Payment of 15% is Required
  • Gift Funds Allowed
  • Alternative Income Documentation Options available:
    • Profit & Loss Statements – our most popular option!
    • Business or Personal Bank Statements
    • Asset Depletion
    • Ready Asset
    • Traditional methods; Tax Returns, 1099s, etc.
  • Most Property Types Accepted
  • Quick Closings
  • Fixed Rate Mortgage with 15, 20, or 30 Year Term
  • Up to 55% Debt Ratio allowed

Ready to Purchase, Refinance or Consolidate Debt?

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View Frequently Asked Questions

Want to talk to a member of our team? 1-833-394-8404

All communication by any method provided in any language other than English is for courtesy and/or information only. All mortgage documents necessary to effectuate the transaction, required by law, or required by federal regulation, will be provided in English.

Las comunicaciones de todo tipo provistas en idiomas distintos al inglés son solamente para fines de cortesía y/o informativos. Todos los documentos hipotecarios necesarios para efectuar la transacción, requeridos por ley o por reglamentación federal, serán provistos en inglés.