1099-Only Income Loan
A non-QM loan program for self-employed borrowers and contractors using 1099 income, featuring no minimum time requirement for 1099 pay structure.
Underwriting at a glance
- Minimum FICO
- -
- Max LTV (purchase / rate-term)
- -
- Max LTV (cash-out)
- -
- Loan amount
- -
- Documentation
- 1099-only
- States
- most states
Highlights
- •No minimum time requirement for 1099 pay structure
- •Designed for contractors or workers recently switched from W-2
- •Qualify using 100% of new 1099 income
- •Eligible for borrowers with as little as one month of 1099 income
Want to see if you qualify?
Tell us about your scenario - we'll come back with current pricing and exact guidelines.
Program guidelines and rates can change at any time without notice. Last confirmed 6/3/2026. Not a commitment to lend.
Today's mortgage rates
Conventional
6.125%
6.164% APR
FHA
5.500%
5.531% APR
VA
5.500%
5.530% APR
Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.