1099 Mortgage Loans
in Virginia, Maryland & Washington DC
⭐ 5-Star Client Reviews ✔ Licensed Mortgage Professionals ⚡ Fast Closings
Qualify for a Mortgage Using 1099 Income
No Tax Returns Required
Some self-employed borrowers search for a mortgage without tax returns. Many 1099 mortgage programs are designed specifically to provide this flexibility.
No tax returns required No obligation consultation
1099 mortgage loans in Virginia, Maryland, and Washington DC help self-employed borrowers qualify for home financing using their gross 1099 income instead of traditional tax return documentation.
✔ Qualify using 1099 income instead of tax returns
✔ Designed for self-employed borrowers and contractors
✔ Flexible underwriting for complex income situations
✔ Available for primary homes, second homes, and investment properties
Explore our mortgage loan programs
Check Your 1099 Mortgage Options
Fill out the quick form below to see what loan options may be available based on your 1099 income. No obligation and no credit check to review your options.
Get Pre-Approved Using Your 1099 Income
No impact on your credit score. Secure & confidential.
What Is a 1099 Income Mortgage Loan?
A 1099 income mortgage loan is a Non-QM (Non-Qualified Mortgage) program designed for self-employed borrowers, independent contractors, and freelancers who receive 1099 income instead of W-2 wages.
Traditional mortgage programs rely heavily on tax returns to verify income. However, many self-employed borrowers use business deductions that significantly reduce their taxable income, making it difficult to qualify through standard guidelines.
A 1099 mortgage loan solves this problem by allowing lenders to calculate qualifying income using alternative documentation, such as:
• 1099 forms from the past 12–24 months
• Bank statement deposits showing consistent income
• Expense factor calculations used to estimate net income
Because income is evaluated differently, borrowers can often qualify based on their actual earnings rather than reduced taxable income reported on tax returns.
These loans are part of our Non-QM mortgage programs, which are designed to help self-employed borrowers and business owners who do not fit traditional agency lending guidelines.
Not sure if a 1099 mortgage is right for you?
Check your loan options here
Who Should Consider a 1099 Mortgage?
A 1099 income mortgage loan is designed for borrowers whose income is reported through 1099 forms instead of traditional W-2 employment. This program is often a strong fit for self-employed professionals and independent workers whose tax deductions reduce their reported income.
This type of mortgage may be ideal for:
• Independent contractors
• Freelancers
• Consultants
• Gig-economy workers
• Rideshare and delivery drivers
• Commission-based professionals
• Real estate agents
• Self-employed business owners receiving 1099 income
If you receive one or more 1099 forms each year, a 1099 mortgage program may provide a more flexible path to qualifying for a home loan.
For borrowers interested in purchasing rental property, you may also want to explore DSCR loans for investment properties, which allow qualification based on property cash flow rather than personal income documentation.
Benefits of a 1099 Income Loan
✔ No tax returns required
✔ Qualify using 1099 income or deposits
✔ Higher qualifying income (write-offs don’t reduce earnings)
✔ Flexible credit guidelines
✔ Loan amounts up to jumbo limits
✔ Available in VA, MD & DC
✔ Faster underwriting than traditional loans
How Lenders Calculate 1099 Income
1️⃣ 1099 Average Method
Your gross 1099 income is averaged over 12–24 months.
2️⃣ Bank Statement Method
Lenders verify consistent deposits tied to your contract work.
3️⃣ Expense Factor Method
A standard expense ratio (typically 10–30%) is applied instead of reviewing tax returns.
This structure benefits borrowers who maximize legitimate business deductions.
Not sure which method a lender may use for your situation?
Speak with a loan specialist to review your 1099 income options.
1099 Loan Requirements
Requirements may vary depending on the lender and borrower profile. We help self-employed borrowers in Virginia, Maryland, and Washington DC qualify for flexible mortgage programs using 1099 income and alternative documentation.
Income Documentation
- 1–2 years of 1099 forms
- OR 12–24 months of bank statements showing deposits
Credit Score
- Typically 670–700+ minimum credit score
- Higher scores may qualify for better terms
Down Payment
- 10–20% down payment for primary residences
- Investment properties may require a larger down payment
Work History
1 year may be accepted with prior industry experience
2 years of self-employment preferred
1099 Income Mortgage vs Conventional Loan
If your income is easier to verify through deposits, you may also qualify with bank statement mortgage loans.
| Feature | 1099 Income Loan | Conventional Loan |
|---|---|---|
| Income Documentation | 1099s or bank statements | Tax returns & W-2s |
| Flexibility | High | Strict |
| Down Payment | 10–20% | 3–20% |
| Ideal For | Self-Employed | W-2 Borrowers |
Not sure whether a 1099 mortgage or conventional loan is the better fit? Speak with a loan specialist to review your options.
1099 Mortgage Loans in Virginia, Maryland & Washington DC
We specialize in helping self-employed borrowers and independent contractors secure 1099 mortgage loans throughout the Washington DC metro area, including:
• Northern Virginia
• Fairfax County
• Arlington
• Loudoun County
• Montgomery County, MD
• Prince George’s County, MD
• Washington, DC
As a local mortgage company, we understand the regional housing market, property values, and underwriting guidelines that affect borrowers in Virginia, Maryland, and Washington DC.
If you earn income through 1099 forms, freelance work, consulting, or contract employment, our team can help you explore flexible mortgage options designed for self-employed borrowers.
Ready to explore your 1099 mortgage options? Speak with a local loan specialist today.
Why Choose ABC United Finance?
✔ Local expertise across Virginia, Maryland & Washington DC
✔ Specialized in self-employed and 1099 income borrowers
✔ Fast pre-approvals to help you move quickly in competitive markets
✔ Transparent communication throughout the loan process
✔ Personalized loan structuring based on your income profile
Unlike many traditional lenders that rely strictly on tax returns, we work with borrowers who earn income through 1099 forms, freelance work, consulting, and contract employment.
Our team understands how to structure loans for self-employed borrowers, helping many clients qualify for financing even when traditional lenders have declined their applications.
Ready to explore your 1099 mortgage options? Get your personalized loan quote today.
1099 Mortgage Loan FAQs
Can I qualify without tax returns?
Yes. A 1099 income mortgage is designed specifically for borrowers who may not qualify using traditional tax return documentation. Instead, lenders may evaluate income using 1099 forms, bank statement deposits, or expense factor calculations.
Do I need two years of 1099 income?
Most programs require 1–2 years of 1099 income, depending on your work history and overall financial profile. Borrowers with strong credit, consistent income deposits, and prior industry experience may qualify with only one year.
Are interest rates higher?
Interest rates for 1099 mortgage loans may be slightly higher than traditional conventional loans because of the flexible underwriting guidelines. However, these programs allow borrowers with complex income structures to qualify when standard programs may not work.
Can I purchase an investment property?
Yes. 1099 mortgage programs may be used for primary residences, second homes, and investment properties, depending on the lender and loan structure.
Can I refinance with a 1099 loan?
Yes. Many borrowers use 1099 mortgage programs to refinance an existing loan, consolidate debt, or access equity while using alternative income documentation.
Still have questions about qualifying with 1099 income? Speak with a loan specialist or check your loan options today.
Talk to a Local 1099 Mortgage Specialist Today
Self-employed borrowers deserve mortgage solutions built around how they actually earn income.
Whether you’re purchasing, refinancing, or cashing out equity — we’ll structure the right solution.