1099-Only Mortgages for Contractors and Gig Workers
1099-only mortgages let independent contractors, gig-economy workers, and commission-based earners qualify on the gross income shown on their 1099 forms — no tax returns to expose business write-offs, no bank statement deposit averaging. The most recent 1 or 2 years of 1099s drive qualifying income directly.
Highlights
- •Use 1, 2, or sometimes 3 years of 1099 forms
- •Gross 1099 income (less an expense ratio in some programs)
- •No tax returns required
- •Available with 1 year of self-employment in some programs
- •Up to 90% LTV with strong credit
Who it's for
Real estate agents, insurance agents, independent contractors, gig-economy workers (Uber, DoorDash), commissioned sales reps, and consultants who receive 1099s instead of W-2s.
Active programs that fit
Non-QM Mortgage Program
confirmed 5/17/2026A non-QM second mortgage program allowing homeowners to access equity without impacting their existing first mortgage rate, available with various income documentation types.
Non-QM Mortgage Program
confirmed 5/10/2026A closed-end second mortgage program offering flexible income documentation including bank statements, P&L, 1099, WVOE, DSCR, and full doc options with up to 90% CLTV.
Non-QM Mortgage Program
confirmed 5/19/2026Second mortgage program available for owner-occupied, non-owner occupied, and second homes with bank statement or full documentation.
Non-QM Mortgage Program
confirmed 5/19/2026A closed-end second mortgage program designed to help borrowers access home equity without refinancing their existing first mortgage. It supports various documentation types including full doc, bank statement, P&L, WVOE, 1099, and DSCR.
Non-QM Mortgage Program
confirmed 5/22/2026Non-QM purchase loan program offering up to 90% LTV with loan amounts up to $1.5M, available for various income documentation types including bank statements and 1099s.
Non-QM Mortgage Program
confirmed 5/11/2026A 40-year mortgage program featuring a 10-year interest-only period followed by a 30-year fixed-rate term, designed to improve monthly cash flow.
Non-QM Mortgage Program
confirmed 5/11/2026Flexible second mortgage options for primary, second home, and investment properties with up to 90% CLTV and various income documentation types.
Bank Statement Loan for Self-Employed
confirmed 5/10/2026Flexible income qualification options including bank statements, 1099s, and tax returns for primary residences, second homes, and investment properties with loan amounts up to $3.5M.
Bank Statement Loan for Self-Employed
confirmed 5/10/2026A 40-year fully amortized loan program available for various documentation types including full doc, alternative income documentation, and DSCR options.
Non-QM Mortgage Program
confirmed 5/12/2026A closed-end second lien program that allows borrowers to access equity in primary residences, second homes, and investment properties without refinancing their first mortgage. It offers flexible income documentation options or DSCR qualification.
Non-QM Mortgage Program
confirmed 5/11/2026A flexible Non-QM program that allows borrowers to combine multiple income sources including W2, 1099, rental, and bank statements to qualify for higher loan amounts without requiring tax returns.
Non-QM Mortgage Program
confirmed 5/16/2026A non-QM loan program for 1099 earners that allows for income qualification using 1099 statements with up to 90% LTV.
1099-Only Income Loan
confirmed 5/10/2026A non-QM loan program for self-employed borrowers and contractors using 1099 income, featuring no minimum time requirement for 1099 pay structure.
Non-QM Mortgage Program
confirmed 5/10/2026A non-QM loan program for 1099 earners that qualifies borrowers using up to 90% of gross 1099 income without requiring tax returns.
Non-QM Mortgage Program
confirmed 5/23/2026A non-QM second mortgage program offering up to 90% CLTV for primary, second home, and investment properties with flexible income documentation options.
Non-QM Mortgage Program
confirmed 5/15/2026A closed-end second lien loan option that supports various income documentation types or DSCR qualification for cash-out needs.
1099-Only Income Loan
confirmed 5/8/2026Non-QM program for 1099 earners using 1 year of 1099 documentation and check stubs to verify income trends.
Non-QM Mortgage Program
confirmed 5/20/2026A non-QM second mortgage program allowing borrowers to access home equity without impacting their existing first mortgage rate. Available with various income documentation types including bank statements, P&L, 1099, WVOE, DSCR, and full documentation.
Frequently asked questions
How is income calculated from 1099s?
Most programs use gross 1099 income with a small expense reduction (often 10%). A few programs use 100% of gross. The 1099 amounts are summed and divided by 12 or 24 to produce monthly qualifying income.
How many years of 1099s do I need?
Standard is 2 years, but many programs accept 1 year if the borrower had W-2 employment in the same industry the year prior. A few specialty programs accept 1 year unconditionally.
What if I have multiple 1099 sources?
Combine them. Most programs accept any number of 1099 issuers as long as the work is in the same general line of business.
Can a real estate agent use 1099-only?
Yes. This is one of the most common borrower profiles for 1099-only programs.
More questions on this topic
Can self-employed borrowers get a mortgage without tax returns?
Yes. Bank statement, P&L-only, 1099-only, and asset-qualifying programs let self-employed borrowers skip tax returns entirely.
Can I get a mortgage with only 1 year of self-employment?
Yes if you had W-2 employment in the same industry the year prior. Some non-QM programs accept 1 year unconditionally.
How can I get a mortgage without a W-2?
Self-employed: bank statement, P&L-only, 1099-only, or asset-qualifying. Retirees: asset-qualifying. Investor: DSCR.
Can I buy a house with 1099 income only?
Yes. 1099-only loans, bank statement loans, and conventional loans (with 2 years of 1099 history + tax returns) all work for 1099 borrowers.
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Related programs
Bank Statement Mortgages for Self-Employed Borrowers
Bank statement mortgages qualify self-employed borrowers using 12 or 24 months of personal or business bank deposits. No tax returns. Up to 90% LTV.
P&L-Only Mortgages for Business Owners
P&L-only mortgages qualify business owners using a CPA-prepared profit and loss statement. No bank statements, no tax returns. Fastest non-QM doc type.
Asset-Qualifying Mortgages (Asset Depletion)
Asset-qualifying (asset depletion) mortgages let high-net-worth borrowers qualify using liquid assets in lieu of income. Ideal for retirees and investors.
Today's mortgage rates
Conventional
5.875%
5.906% APR
FHA
5.375%
5.405% APR
VA
5.375%
5.402% APR
Conv: 80% LTV, 780 FICO. FHA: 96.5% LTV, 680 FICO. VA: 100% LTV, 680 FICO. 30-yr fixed. Your rate may vary.