Can I qualify for a mortgage using gross income?

Yes. With a 1099 loan, lenders often look at your gross income (the total amount on your 1099) rather than your net income after tax deductions. This increases your buying power significantly compared to traditional loans.

Who is eligible for a 1099 Mortgage?

This loan is ideal for anyone who receives a 1099 form, including real estate agents, consultants, Uber/Lyft drivers, and contract workers who have been self-employed for at least 2 years.

Do I need to show tax returns for a 1099 loan?

No. The main benefit of this program is that you provide your 1099 forms (typically for the last 2 years) instead of your full tax returns, allowing you to keep your tax write-offs without hurting your mortgage qualification.

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Q: What is a 1099 Mortgage?

A 1099 mortgage is a Non-QM loan designed for independent contractors, freelancers, and gig workers. It allows you to use your 1099-NEC forms to prove income instead of providing full tax returns.

1099 Mortgage Loans for Self-Employed Borrowers

Mortgages Built for the Way You Work

Not everyone earns a paycheck with a W-2. Whether you're a freelancer, independent contractor, gig worker, or self-employed business owner, your income doesn’t always fit into a traditional mortgage box.

1099 mortgage programs are designed specifically for people like you—those who receive income reported on IRS Form 1099. If you’ve had a tough time qualifying for a mortgage using tax returns alone, a 1099 loan may be the flexible solution you've been looking for.

What Is a 1099 Mortgage?

A 1099 mortgage is a type of non-QM loan (non-qualified mortgage) tailored for self-employed borrowers. Instead of requiring full tax returns, lenders use your 1099 forms to verify income.

This is especially helpful if you claim a lot of deductions on your taxes—common for small business owners and freelancers. With a 1099 loan, you can qualify based on your gross income, not your taxable income, giving you more buying power.

How Do 1099 Mortgages Work?

At their core, 1099 loans work just like any other mortgage. The main difference is how you document your income. Instead of full tax returns, you’ll typically need:

Two years of 1099s (or other proof of consistent income)

Year-to-date income documentation

Proof of at least 2 years of self-employment

You'll also need to meet certain credit and financial requirements, such as a minimum credit score and a manageable debt-to-income ratio.

Who Are 1099 Mortgage Loans For?

If your income is reported on a 1099 instead of a W-2, this loan might be a great fit. That includes:

Freelancers

Independent contractors

Gig workers (Uber, DoorDash, etc.)

Seasonal workers

Consultants

Vendors or self-employed salespeople

Sole proprietors and business partners

In short, if you’re self-employed in any capacity and receive 1099 income, this loan was designed with you in mind.

What Are the Requirements?

Because 1099 loans fall outside traditional underwriting guidelines, lenders take a more detailed look at your financial profile. Requirements can vary, but typically include:

Minimum Credit Score

Proof of Consistent Income: Usually via 1099s for the last 2 years

Low Debt-to-Income (DTI) Ratio: To ensure you can manage your payments

Proof of Employment: At least 2 years in the same or similar line of work

Why Consider a 1099 Mortgage?

You don’t need to submit full tax returns.

Your loan is based on your gross income, not your net.

You may qualify even if traditional lenders have turned you away.

Ready to Explore Your Options?

We specialize in helping self-employed borrowers like you navigate the mortgage process with confidence. If you earn 1099 income and are ready to buy a home or refinance, let’s talk about how we can help you qualify with a loan that works for your unique income situation.