Purchase Loans

1099 Loans

If you earn your income through contract work or commissions and file 1099s instead of W-2s, qualifying for a traditional mortgage can feel like an uphill battle. 1099 loans are built specifically for borrowers like you — using your actual 1099 earnings history to determine what you can afford.

1099sused instead of W-2s

Self-employedand contractors welcome

Flexibleincome documentation approach

Purchaseand refinance options available

1099 Loans Options

1099 Purchase

Buy a home using your 1099 earnings instead of traditional pay documentation
No need to show W-2 income or employer verification
A more realistic path for contractors and commission workers

Great for

Independent contractors
Commission-heavy sales professionals and gig workers

1099 Refinance

Refinance your existing mortgage using 1099 income documentation
Rate-term and cash-out options available
Income is evaluated the same way as a purchase

Great for

Self-employed homeowners looking to improve their rate or payment
Borrowers restructuring their loan without full traditional documentation

Primary, Second Home, and Investment Options

1099 income can be used across different property types
Terms and qualifying standards vary depending on occupancy
Each scenario is evaluated individually

Great for

Borrowers purchasing their main home
Investors and second-home buyers with 1099 income

Mixed Income Scenarios

Some borrowers combine 1099 income with other income sources
Lenders will look at the full picture, including consistency and trends
Year-over-year growth in 1099 earnings can strengthen your case

Great for

Borrowers with multiple income streams
Contractors whose earnings have grown steadily over time

How 1099 Loans Work

Rather than requiring pay stubs and W-2s, these programs evaluate your 1099 income history to determine qualifying income.

Lenders typically want to see a consistent track record of 1099 earnings — trend and stability matter.

Down payment, reserves, and other factors are still part of the picture, but the income documentation is what sets this apart.

1099 Loans FAQ

Who is a 1099 loan designed for?

Freelancers, independent contractors, and commission earners who file 1099s and can't easily document income through traditional pay stubs or W-2s.

How much 1099 history do I need?

Most programs want to see at least one to two years of consistent 1099 earnings. The stronger and more stable your history, the better your position.

Can I refinance with a 1099 loan too?

Yes. 1099 income documentation can be used for refinances — both rate-term and cash-out — not just purchases.