If you are self-employed or a contract worker, qualifying for a mortgage can feel like hitting a wall. Most lenders often require tax returns, and that’s where the problems start.
Write-offs that help you at tax time hurt you here. Every deduction you take reduces your reported income. And when it comes to a mortgage, that’s the number lenders care about. Even if your business is thriving, your adjusted gross income on paper might not tell the whole story. Add the burden of extra paperwork, longer underwriting timelines, and the need to explain every line of your return, and it’s clear: the system wasn’t built with independent workers in mind.
Good news—it doesn’t have to be this hard.
A Smarter Path to Homeownership: Our 1099 Mortgage Loan
We offer a 1099 mortgage loan specifically for self-employed professionals, freelancers, and contract workers. Instead of wading through tax returns and mountains of documentation, you can qualify using just your 1099 form from the past year. It’s a faster, simpler way to show what you actually earn.
Key Features:
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Loan amounts up to $4 million
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Debt-to-Income (DTI) ratios up to 55%
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Cash-out refinancing available
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Only 1-year history required with the same employer or contractor
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Temporary rate buydowns available to lower initial payments
This program gives you the flexibility and recognition you deserve for building your income your way.
Why Choose Our 1099 Loan?
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Use just 1 year of 1099s – That’s it. No tax returns, no deep dive into business expenses.
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Only a 10% expense ratio applied – We assume 90% of your 1099 income is usable, giving you a fairer representation of your earnings.
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Gift funds allowed on purchases – Need help with the down payment? We make it easier to get there.
Who This Helps:
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Freelancers with steady gigs
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Independent contractors and consultants
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Commission-based professionals
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Gig economy workers with consistent income streams
Bottom Line
Our 1099 loan program gives self-employed and contract workers a path to homeownership and refinancing without punishing them for running a smart business.
If you’ve been turned down before or told to “come back with two years of returns,” this loan changes the game.
Schedule a consultation, or call me to discuss your scenario: 480.389.3675
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