Home Loans · 1099 Contractors
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.
At a Glance
Program Highlights
Property Types
Eligible Property Types
Program not available for rural properties or multi-unit properties.
Compare Programs
Self-Employed? Compare Your Options
| Program | Qualify with | Minimum FICO | Maximum LTV |
|---|---|---|---|
| 1099 Income | One year of 1099s and two months of bank statements | 600 | Up to 80% |
| 12-Month Bank Statement | 12 months of personal or business bank statements | 600 | Up to 90% for purchases |
| Profit & Loss | A 12-month P&L statement and three months of bank statements | 660 | Up to 80% for purchases |
| No Income Verification (CA) | Strong equity, credit, and assets | 620 | Up to 60% for purchases |
