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1099 Mortgage Options

Flexible Financing for 1099 Earners & Commission-Based Professionals
These programs are designed for independent contractors, commission-based professionals, and self-employed earners who may not qualify under standard guidelines. Learn how lenders evaluate 1099 income and explore flexible loan solutions built around your real earning potential.
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Self-Employed & Investors

A Simple Path to Homeownership for Independent Contractors

Many independent contractors earn strong income through 1099 work, but tax returns often reduce qualifying income because of business deductions.
A 1099 mortgage allows lenders to use your 1099 forms and year-to-date earnings to calculate your true income without relying on tax returns.

This program is designed for contractors, gig workers, and service professionals whose income does not fit traditional W-2 guidelines. Scott helps borrowers use their 1099 earnings to qualify accurately and confidently.

How 1099 Mortgage Programs Work

Instead of reviewing tax returns, lenders look at:

  • Last one or two years of 1099 forms
  • Year-to-date earnings
  • Bank deposits that support the 1099 income
  • Work history and consistency of contracts

Income is calculated based on your gross earnings, making it easier for many contractors to qualify for a home loan.

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Who 1099 Mortgage Options Are Designed For

These programs work well for:
  • Independent contractors
  • Gig economy workers
  • Rideshare drivers
  • Delivery service workers
  • Real estate agents
  • Commission-based professionals
  • Consultants and freelance specialists
If your income comes through 1099s rather than W-2 wages, this type of mortgage can reflect your earnings more accurately.

Benefits of 1099 Mortgage Programs

Borrowers often choose these loans because they offer:

  • No tax returns required
  • Higher qualifying income compared to using adjusted gross income
  • Flexible credit and debt-to-income standards
  • Options for primary homes, second homes, and investment properties
  • Straightforward documentation process

These loans serve as a strong alternative when traditional guidelines do not match how your income is earned.

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Documents You May Need

Most lenders request:

  • 1099 forms from the past one or two years
  • Year-to-date income evidence
  • Bank statements supporting ongoing deposits
  • Proof of ongoing contract work
  • Identification and standard borrower information

The documentation focuses on proving consistent contract earnings rather than tax return history.

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How Income Is Calculated for 1099 Borrowers

Lenders typically use one of the following methods:

Gross 1099 income review

The lender averages your 1099 income over one or two years, providing a strong qualifying number.

Deposit-based review

Some lenders compare your 1099 to your average monthly deposits.

Year-to-date earnings

If your income has increased, lenders may use current earnings to boost your qualifying amount.
Each method provides flexibility that aligns with the way contractors earn.

What to Expect During the Approval Process

The approval steps are simple:
Review your 1099 income and work history
Evaluate deposits and year-to-date earnings
Select the program that matches your income pattern
Receive a pre-approval based on 1099 qualifying income
Finalize documentation with underwriting
Close once the loan is fully approved
This is often faster and easier than a traditional self-employed mortgage approval.

Frequently Asked Questions

 Yes. These programs are specifically for individuals who receive 1099 income rather than W-2 wages.

Yes. Some lenders allow one year of 1099s, especially if the current income is consistent.

Rates are competitive for this category and depend on credit, income stability, and property type.

 Yes. Lenders can combine income from multiple sources as long as it is consistent and documented.

Find Out How Much You Can Qualify for With 1099 Income

Start your 1099 mortgage review today.
If your income comes through contract work, a 1099 mortgage can provide a clear and flexible path to homeownership. Scott will review your earnings, help you understand your loan options, and guide you through each step of the process.
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Arbor Financial, NMLS #236669
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