1099 Income Loan Program
Financing Designed for Independent Contractors & Self-Employed Borrowers
If you're paid as a 1099 contractor, qualifying for a mortgage doesn't have to mean providing extensive tax returns. Our 1099 Income Loan Program allows eligible self-employed and independent contractors to qualify using their 1099 income and recent bank statements, making the loan process simpler and more flexible.
Whether you're purchasing a home or refinancing, this program is designed to meet the needs of today's self-employed workforce.
Program Highlights
- Qualify using 1099 income documentation
- One year of 1099s and two months of bank statements required
- Up to 80% LTV
- Minimum 600 FICO
- Available for Primary Residences, Second Homes, and Investment Properties
- Streamlined income documentation for eligible self-employed borrowers and independent contractors
Eligible Property Types
- Single-Family Residences (SFR)
- Condominiums
- Townhomes
Program not available for rural properties or multi-unit properties.
A Simpler Way to Qualify
Our 1099 Income Loan Program provides a flexible alternative to traditional mortgage financing by allowing eligible borrowers to qualify based on their documented 1099 earnings. If conventional loan requirements don't fit your financial profile, we can help you explore a financing solution tailored to your needs.
Contact us today to learn more about our 1099 Income Loan Program and find out if you qualify.