Self‑employed borrowers often face challenges when qualifying for a traditional mortgage. If you earn income through 1099 forms, contract work, gig work, or independent contracting, a 1099 Income Loan offers a flexible path to homeownership without requiring tax returns.
This program is ideal for borrowers whose tax write‑offs reduce their qualifying income on paper — but who have strong, consistent earnings in reality.
Self‑employed borrowers deserve a mortgage process that actually understands how they earn. Whether you’re a contractor, freelancer, consultant, or gig‑worker, we make qualifying simple — no tax returns required.
Start your pre‑approval today and see how much you qualify for.→ Get My 1099 Loan Quote
A 1099 Income Loan is a Non‑QM (Non‑Qualified Mortgage) program that allows lenders to qualify you based on your 1099 earnings, rather than W‑2s or tax returns. Instead of analyzing taxable income, lenders review your gross 1099 deposits to calculate your qualifying income.
This program is designed for:
If you receive one or more 1099 forms each year, this loan may be the best fit.
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This program gives self‑employed borrowers the flexibility they need to qualify.
While guidelines vary by lender, most programs require:
Lenders typically use one of the following methods:
Your qualifying income is based on the average of your 1099 earnings over the past 12–24 months.
Lenders review your business or personal bank statements to verify deposits.
Instead of tax returns, lenders apply a standard expense ratio (often 10–30%) to determine net income.
This approach allows borrowers with high write‑offs to qualify more easily.
This program is ideal if you:
| Feature | 1099 Income Loan | Conventional Loan |
|---|---|---|
| Income Documentation | 1099s or bank statements | Tax returns, W‑2s, pay stubs |
| Flexibility | High | Strict |
| Credit Requirements | Moderate | Moderate to strict |
| Down Payment | 10–20% | 3–20% |
| Best For | Self‑employed borrowers | W‑2 employees |
As a local lender serving VA, MD & DC, we understand the unique needs of self‑employed borrowers in our region. Whether you're a contractor in Northern Virginia, a consultant in Maryland, or a gig‑economy worker in DC, we offer tailored solutions to help you qualify with confidence.
Our team specializes in helping independent contractors achieve homeownership.
Yes — this program is designed specifically for borrowers who prefer not to use tax returns.
Most lenders require 1–2 years, depending on your work history.
Yes, many lenders accept personal statements if they clearly show 1099 deposits.
Rates may be slightly higher than conventional loans due to flexible guidelines.
Yes — 1099 loans are available for primary, second homes, and investment properties.
If you're self‑employed and ready to buy or refinance, a 1099 Income Loan may be the perfect fit. Our team is here to guide you through every step. We specialize in helping 1099 earners qualify with confidence.
Call us or request a callback — we’re here to help.→ Schedule a Free Consultation
