Non-QM
1099 Only Mortgages in Dallas, TX
Dallas is a city of 1.3 million people, and Custom Mortgage arranges 1099 Only Mortgages loans there and elsewhere in Dallas County, including Uptown and Deep Ellum. At $320,700, the median home value in Dallas runs 6% ahead of the Dallas County figure of $303,000 (Census ACS 2020-2024 5-year). Dallas County's 2026 conforming limit, $832,750, is 2.6 times that median, so loan size seldom binds.
The Dallas median household income, $70,518, is 8% under the county's. Renters are the majority: just 42% of occupied homes are owner-occupied (51% countywide). The median home was built in 1981. Median gross rent of $1,472 a month sits above HUD's FY2025 two-bedroom Fair Market Rent of $1,462.
1099 Only Mortgages Highlights
- Streamlined qualification process for 1099 earners.
- Competitive interest rates.
- Ideal for self-employed individuals and independent contractors.
National Rate Index (Freddie Mac PMMS)
30-Year Fixed Rate
7.18%
as of 11/5/2026 · Freddie Mac PMMS · live · 2026-11-05
Est. Monthly Payment in Dallas County
$1,887/mo
Based on $348,200 median · 20% down · P&I only
15-Year Fixed Rate
6.57%
as of 11/5/2026 · Freddie Mac PMMS · live · 2026-11-05
Est. Monthly Payment in Dallas County
$2,437/mo
Based on $348,200 median · 20% down · P&I only
Rates are national averages and may differ from your actual rate. Contact us for a personalized quote.
Get Your Rate →Market-data snapshots: FHFA 2026 (live); HUD FY2025 (bundled); Census ACS 2024 (bundled).
Dallas County at a glance
- Dallas median home value
- $320,700
- Source: Census ACS 5-year, Dallas city, Texas, 2020-2024
- Dallas median household income
- $70,518
- Source: Census ACS 5-year, Dallas city, Texas, 2020-2024
- Dallas owner-occupied homes
- 42%
- Source: Census ACS 5-year, Dallas city, Texas, 2020-2024
- Dallas median gross rent
- $1,472
- Source: Census ACS 5-year, Dallas city, Texas, 2020-2024
- Dallas median year built
- 1981
- Source: Census ACS 5-year, Dallas city, Texas, 2020-2024
- Conforming loan limit (1 unit)
- $832,750
- Source: FHFA, 2026
- Conforming loan limit (4 units)
- $1,601,750
- Source: FHFA, 2026
- Median owner-occupied home value
- $303,000
- Source: Census ACS 5-year, 2024
- Median household income
- $76,547
- Source: Census ACS 5-year, 2024
- Owner-occupied homes
- 51%
- Source: Census ACS 5-year, 2024
- Median gross rent
- $1,565
- Source: Census ACS 5-year, 2024
- Home value to income ratio
- 4.0
- Source: Census ACS 5-year (computed), 2024
- Fair Market Rent (2 bedroom)
- $1,462
- Source: HUD, FY2025
Market Snapshot: Dallas County
Source: Redfin · 2026-01-31Median Sale Price
$348,200
Median List Price
$390,000
Price / Sq Ft
$192.111
Days on Market
69
Active Listings
6,223
Homes Sold
1,117
Sale-to-List Ratio
96.7%
2026 Conforming Loan Limits: DALLAS
1-Unit (SFR)
$832,750
2-Unit (Duplex)
$1,066,250
3-Unit (Triplex)
$1,288,800
4-Unit (Fourplex)
$1,601,750
Source: FHFA 2026 Conforming Loan Limits. Loans above these limits require jumbo financing.
DSCR Coverage — Dallas County, TX
HUD FY2025 Fair Market RentsHUD Fair Market Rents represent the estimated 40th percentile gross rent for standard units in Dallas County. At a 8.7% DSCR benchmark rate with a 1.0× coverage ratio, each bedroom type below supports the following maximum financing.
Studio
HUD Rent
$1,043/mo
Max Financing
$133,426
1 Bedroom
HUD Rent
$1,190/mo
Max Financing
$152,231
2 Bedroom
HUD Rent
$1,462/mo
Max Financing
$187,027
3 Bedroom
HUD Rent
$1,939/mo
Max Financing
$248,047
4 Bedroom
HUD Rent
$2,194/mo
Max Financing
$280,668
Max financing calculated at 1.0× DSCR, 30-year amortization, 8.7% annual rate. Actual DSCR qualification depends on property expenses, vacancy, and lender overlays. Contact CMRE for a property-specific DSCR analysis.
1099 Only Mortgages in Dallas, TX
Dallas County is exhibiting one of the most encouraging market signals in our Texas coverage: prices are up 1.8% year-over-year to a median of $348,200 while the broader Dallas-Fort Worth market has faced inventory pressure. That positive price momentum against 6,223 active listings and a 69-day average days on market reflects the fundamental strength of Dallas's role as the premier corporate relocation destination in the Sun Belt. Companies moving headquarters and regional offices to Dallas continue to drive consistent high-income household formation.
The 96.7% sale-to-list ratio confirms that sellers are pricing competitively but buyers are pushing back slightly on ask. New construction is a significant factor in Dallas County's supply equation — builders have been delivering at pace in McKinney, Frisco, and Prosper, creating choice for buyers that didn't exist in 2021. Conventional high-balance financing is the most common product category in the $350K-$600K range that dominates our Dallas County volume.
Dallas County attracts corporate relocation buyers from across the country, drawn by employer transfers to companies like AT&T, Toyota, State Farm, and the major financial services firms concentrated in Uptown and the Las Colinas corridor. These relocating professionals typically arrive with strong credit, sizeable liquid assets, and W-2 income that qualifies easily for conventional financing. We also see a significant first-time homebuyer segment drawn by Dallas's relative affordability compared to coastal alternatives — a buyer who cannot afford San Jose can often afford the Dallas equivalent.
Account for relocation package income carefully — many Dallas corporate transfers include bonus-based income that must be documented at least two years' history to qualify conventionally.
Service Areas & Neighborhoods
Our Dallas Presence
Local Knowledge. Global Rates.
200 Crescent Ct
Dallas, TX 75201
Direct Line
877-976-5669Application Process
Six simple steps from application to funding
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Application
Complete our streamlined online application form with your financial information
Document Review
Submit required documentation for verification and processing
Pre-Approval
Receive conditional approval and loan terms based on your profile
Title & Escrow
Open escrow and complete title search and insurance requirements
Appraisal & Final Review
Property appraisal completed and final underwriting approval received
Funding
Sign final documents and receive your loan funds
Why Choose Custom Mortgage?
Your trusted partner in real estate financing
Extensive Experience
Over 25 years of proven expertise in mortgage lending and real estate financing
Comprehensive Loan Options
Wide range of programs from conventional to specialized non-QM and hard money solutions
Nationwide Coverage
Licensed in multiple states with the ability to fund loans across the country
Flexible Solutions
Customized financing options for unique situations that traditional lenders decline
Competitive Rates
Access to wholesale pricing and volume discounts passed directly to our clients
No Upfront Fees
Transparent pricing with no application fees or upfront costs to get started
Get Matched in 60 Seconds
Our AI Instant Advisor analyzes your situation — credit, loan amount, property type — and matches you to the right program. No credit pull. No obligation.
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Quick quote or detailed payment estimate — no credit pull
Quote Wizard
AI-Powered Rate Intelligence
Step 1: Loan Foundation
Mortgage Estimator
Freddie Mac 30-yr average, week of Apr 19, 2026. Not a quote.
Principal & Interest Only
Common Questions About 1099 Only Mortgages in Dallas
Yes, by $512,050: $320,700 median versus a $832,750 one-unit limit.
More than the typical unit brings in. Principal and interest on a $240,525 loan (a quarter down on $320,700) come to about $1,629 a month at 7.18% (Freddie Mac PMMS 30-year fixed rate as of 2026-11-05), while median gross rent in Dallas is $1,472, 90 percent of it. A larger down payment or an above-median rent closes the gap.
At least $64,140 before closing costs (80% maximum LTV on $320,700). Close to 11 months of gross pay at the $70,518 local median.
4.5 times the $70,518 median household income, steeper than the county's 4.0. Debt-to-income limits usually set the loan size.
See all 1099 Only Mortgages questions and program details
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Browse All Territories →Reviewed by Eve Sanchez, Chief Compliance Officer · Updated 2026-11-04 · Custom Mortgage Inc., NMLS #1556995
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