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Flexible Home Loans

Flexible Home Loans for Self-Employed 1099 Workers

Today’s workforce is evolving—and your mortgage options should too. Our 1099 Income Loans are designed specifically for freelancers, gig economy workers, and independent contractors who earn income on IRS Form 1099 instead of traditional W-2 wages. If you’re self-employed but face income documentation challenges due to write-offs or lack of pay stubs, this Non-QM mortgage can help you qualify with fewer barriers.

Unlike traditional mortgages, this program lets you use just one or two years of 1099s and a YTD earnings letter—with no tax returns required. It’s perfect for borrowers who don’t meet traditional guidelines but still have strong, verifiable income.

Min FICO: 620 Max LTV: 85%

Why Choose Our 1099 Loan Program?

  • Use 90% of your 1099 income from one or two years

  • No tax returns, bank statements, or business license required

  • YTD income supported by checks or CPA-prepared statements

  • Eligible for primary homes, second homes, and investments

  • Max loan amount up to $3 million

  • FICO as low as 620 with up to 85% LTV

Borrowers who already benefit from our bank statement loan options or P&L-based loan programs will find this program especially useful when their earnings are reflected clearly on 1099s.

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Program Features at a Glance

  • Loan amounts up to $3 million (exceptions available)

  • 1 or 2 years of 1099s accepted

  • YTD income verified via pay history or CPA letter

  • Up to 55% DTI (on primary homes with 700+ FICO and ≤80% LTV)

  • Investment properties may be titled under LLC, Corp, or Partnership

  • Permanent and non-permanent residents allowed

  • Gift funds and reserves accepted (6–12 months depending on LTV)

Frequently Asked Questions (FAQs)

1. What makes 1099 loans different from traditional loans?

Traditional loans often require full tax returns and W-2s, but 1099 loans focus solely on your contractor or freelance income—no W-2s or tax returns needed.

2. Who’s a good fit for this loan?

If you’re a gig worker, contractor, real estate agent, or consultant who gets paid on a 1099 and can show steady income, this loan is designed for you.

3. Can I qualify with just one year of 1099 income?

Yes! One year may be sufficient if you have strong income trends or supporting documents like YTD checks or a CPA letter.

4. Is this program available for investors?

Absolutely. You can use a 1099 income loan to finance investment properties and second homes. You can even combine this with a DSCR loan strategy for optimal flexibility.

5. Do I need a CPA letter?

A CPA or tax preparer’s letter may be required to verify your income stream or support YTD figures, especially when using only one year of 1099s.

Get Pre-Qualified Today

You work hard—your mortgage should work just as hard for you. Whether you’re a solopreneur, a digital nomad, or a full-time contractor, our 1099 mortgage loan helps open the door to homeownership or real estate investment on your terms.

Contact us today to find out if you qualify and explore our full range of self-employed mortgage solutions.