1099 Income Loan
What is a 1099 Income Loan?
Loans for Independent Contractors
Answer the following questions to get the ball rolling to purchase or refinance your new home using your 1099 only.
Loan Purpose
Credit Score
Easy Qualifications
Borrower must be self-employed working in the same industry for two years. Just change from W2 to 1099? Only filed Schedule C for 1 year? Bring it.
No Tax Returns Required
Borrowers can use their 1099 earning statements in lieu of tax returns to qualify for a mortgage. This does not mean that you cannot file your taxes. This means, you may not be required to provide a tax return that HAS been filed.
Higher Loan Limits
Never settle on your home goals. 1099 Income loans offer loan amounts up to $4 Million!
Our Promise
We know you have questions: Will I be qualified? How long will it take to close? What is the process of qualification and approval for a mortgage?
Our promise is to do our best to address all of your questions and assist you throughout the process to maximize the chance of achieving your desirable results.
1099 Income Loans 101
Free Consultation
We will review your questions and help guide you through the 1099 Income Loan Process. We are there for you from first phone call, to first key turn and long after. Brokers Not Bankers
We Work For The Borrower, Not The Bank. Our Purpose is To Help You Achieve Your Lending Goals. 
SATORI MORTGAGE
NMLS # 4190
Mortgage Broker
2808 West Broadway
Minneapolis, MN 55411
(866) 405-3697
info@satorimortgage.com
Complaints may be directed to:
Phone: (855) 906-6784 or
Email: compliance@satorimortgage.com
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Copyright ©2022 Satori Mortgage. NMLS# 4190. 2808 West Broadway Minneapolis, MN 55411 (866) 405-3697. All rights reserved. This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply.
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV