1099 Only

1099 Only

If you’re a self-employed borrower, freelancer, or independent contractor, you can qualify for a home loan with just one year of 1099 income. No need to provide pay stubs, employment verification, or even full tax returns. Whether you’re a real estate investor, gig worker, or business owner, this program offers mortgage financing without the traditional income documentation.

Use 90% of Last Year’s 1099 Income
Document YTD w/ Paystubs or Bank Statement Payroll Deposits
Up-To 90% LTV
Up-To $3,500,000
Credit Score as-low-as 600
No Expense Factor Applied
Full Doc Solution
No Minimum History as a 1099 Employee Required
Great Option for Anyone Who Recently Switched from W-2
Standard 10% Expense Factor
Alt Doc Solution
2 Years Self Employment History
Great for Contractors or Freelancers with Expenses

One of the most popular non-QM mortgage programs is the 1099 Only Mortgage Program. All we use is last year’s 1099 income, and that’s it. Great for Uber drivers who receive 1099 income. We use the gross 1099 income, and we don’t look at tax returns for the net income, which is probably not enough to qualify for a mortgage.

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