1099 Income?
Let’s Turn That Into a Home
Tax returns not telling the full story? You’re not alone—and thankfully, you’re not out of options. A 1099 loan program is designed specifically for borrowers whose income doesn’t fit neatly into traditional boxes. Instead of relying on W-2s, this program allows qualifying based on income reported on your 1099s, making it a game-changer for independent contractors and entrepreneurs.
With flexible guidelines, reduced documentation, and options for primary homes, second homes, and even investment properties, this program opens doors (literally) for buyers who might otherwise feel stuck. If your income is strong but your paperwork is…creative…this could be your moment.
💼 What Is a 1099 Loan?
A 1099 loan is a Non-QM (Non-Qualified Mortgage) product that allows borrowers to qualify using 1099 income instead of tax returns or W-2s.
This is especially helpful for:
Self-employed individuals
Freelancers and gig workers
Independent contractors
👉 Translation: If your income is real but your tax returns are aggressively “optimized”…we’ve got options.
🚀 Why This Program Stands Out
✅ Simplified Income Verification
No full tax return deep dives—qualification is based on your 1099 income.
✅Flexible Employment History
Less than 2 years self-employed? Still possible
As long as you’ve been in the same industry for at least 1 year
✅ Reduced Documentation
Less paperwork = faster approvals (and fewer headaches)
💰 Key Loan Highlights
Loan amounts starting at $150K up to $3.5M
Credit scores as low as 660 FICO
Debt-to-income ratios up to 55%
Up to 90% LTV (with 740+ FICO)
Available for:
Primary residences
Second homes
Investment properties
Bonus perks:
Cash-out options available
Eligible for non-warrantable condos
Financing for up to 20 properties
Options for foreign nationals and first-time investors
📋 Qualification Basics
To qualify, borrowers typically need:
1–2 years of 1099 income
Consistent work (generally tied to one employer or source)
Proof the business has been operating for at least 2 years
👉 If expenses can’t be verified, a 10% expense factor may be applied to income.
🧠 Pro Tip: Who This Helps Most
This program is ideal for clients who:
Write off a lot of expenses (hello, tax strategy 👀)
Have strong cash flow but lower taxable income
Are newly self-employed but experienced in their field
🐼 Mama Bear Take
If you’ve ever said, “I make good money, but I don’t show enough on paper,”—this is exactly the kind of loan that changes the game.
I help structure these files all the time, and trust me…there’s usually a way to make it work when you’ve got the right strategy behind you.
📣 Questions?
Not sure if you qualify? Let’s take a look at your situation and map out a plan. Fill out the form below or just give me a call. Let’s find a home loan that fits your goals.
