Non-QM Mortgage Program

A non-QM loan program for 1099 earners that allows for income qualification using 1099 statements with up to 90% LTV.

Underwriting at a glance

Minimum FICO
-
Max LTV (purchase / rate-term)
90%
Max LTV (cash-out)
-
Loan amount
-
Documentation
1099-only
States
most states

Highlights

  • 10% automatic expense ratio for 1099 income
  • Accepts 1099 income for non-business owners
  • Same-day pre-qualification with income analysis available

Want to see if you qualify?

Tell us about your scenario - we'll come back with current pricing and exact guidelines.

Program guidelines and rates can change at any time without notice. Last confirmed 5/16/2026. Not a commitment to lend.

Today's mortgage rates

Conventional

5.875%

5.906% APR

FHA

5.375%

5.405% APR

VA

5.375%

5.402% APR

Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.

Today's mortgage rates

Conventional

5.875%

5.906% APR

FHA

5.375%

5.405% APR

VA

5.375%

5.402% APR

Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.

Non-QM Mortgage Program | Rate Direct