1099-Only Mortgage Loans
Home financing made simpler for self-employed professionals. Secure a mortgage using your 1099 income — no W-2s or tax returns required.
Get StartedWho are 1099 Loans built for?
If you are an independent contractor or self-employed
Receive consistent 1099 income from a single or multiple sources
Have been in the same field or line of work for 1–2 years
How 1099-Only Loans Help You
What is a 1099-Only Mortgage Loan?
Traditional mortgage rules don’t always apply to independent professionals. That’s why solutions have been created specifically for those earning 1099 income. Whether you’re a freelancer, contractor, or self-employed entrepreneur, this loan option gives you a pathway to homeownership using your actual income—not outdated qualifications.
A 1099-Only mortgage loan allows borrowers to use their 1099 forms—rather than tax returns or pay stubs—to qualify for a mortgage. Designed with independent professionals in mind, this program helps gig workers, content creators, and other non-W2 earners demonstrate stable income in a way that works for their unique financial profile.
Key Features of the 1099-Only Loan
Use 1–2 years of 1099 forms as income documentation
No tax returns or W-2s required
Available for primary, second homes, and investment properties
Competitive rates and flexible terms
Purchase, refinance, or cash-out refinance options
1099-Only Loans in practice
Eric, a realtor, wants to buy a new home. As a realtor, he gets paid as a 1099 contractor. This allows him to write off many expenses including third party lead costs. As a result, his net income shown on his tax returns was 35% of his gross income. This is not enough to qualify for his and his wife’s dream home. Eric took advantage of a 1099 program where the lender took 90% of 1099 income. He has to prove that he had been in his business for 2 years and that his current year was at a similar REVENUE pace. No tax returns shown. No CPA involvement. He closed on his home without incident.
Olivia is a home and auto insurance agent. She runs her own independent agency. She gets paid by 3 different insurance companies via 1099. She would like to buy a first home. She has been declined by a local bank when she submitted her tax returns. Her write-offs are quite extensive. The result of these write-offs is her debt-to-income ratio is above the allowable threshold. Instead she sent in last year’s 1099’s (no tax returns) and with a formula based on those 1099’s was able to show a much larger qualifying income. She bought her first home successfully and she continues to take advantage of the tax code by deducting all of the items she is legally allowed.
Here’s How to Get Started
- Explore Your Options: Review if a 1099-Only loan aligns with your income and homeownership goals.
- Connect with a Loan Expert: Speak with a dedicated loan officer who understands self-employed borrowers and can guide you every step of the way.
- Get Preapproved: Move forward with confidence knowing how much you qualify for and what to expect next.
Just a Minute Could Unlock Your Options
Answer a few quick questions and see if you might qualify for a 1099-Only mortgage loan—no tax returns required.
Get Started
