Loan programs · 1099 Income
Paid on a 1099? That counts here.
If you're an independent contractor or gig earner, a 1099 income mortgage qualifies you on what your 1099s actually show — not the smaller number left after write-offs. Here's how it works in Orange County.
What is a 1099 income mortgage?
A 1099 income mortgage is a home loan for independent contractors and gig earners that qualifies you on the income reported on your 1099 forms — usually the last one to two years — instead of full tax returns. Many programs count a high share of your gross 1099 earnings, so write-offs don't shrink your approval. Choice Home Mortgage matches your 1099 file to the right lender.
1099 income loans, explained in 30 seconds.
Paid on 1099s? Here's the whole idea — quick, clear, and friendly.
Your 1099 income, taken at face value.
A 1099 income mortgage is built for the way independent earners actually get paid. Instead of demanding full tax returns, the lender qualifies you on the income reported on your 1099 forms — typically the past one to two years. For contractors who write off real business expenses, that’s the difference between qualifying and getting turned away.
Because programs commonly count a high percentage of your gross 1099 earnings, the deductions that shrink your taxable income don’t shrink your borrowing power. It’s a non-QM program, so guidelines and credit expectations vary by lender — which is where shopping many lenders as a broker pays off.
Run your business through a bank account instead of clean 1099s? A bank statement loan may fit better. Have a CPA prepare your numbers? Look at a P&L Only mortgage. We’ll compare all three.
Why a 1099 loan works for independent earners.
Your 1099s are the proof
We qualify you straight off the income reported on your 1099 forms — typically the last one to two years — instead of full tax returns.
Your gross, not your write-offs
Programs commonly count a high share of your gross 1099 earnings, so the deductions that shrink your taxable income don't shrink your approval.
Built for contractors & gig earners
Independent contractors, freelancers, consultants, and gig workers who are paid as 1099 — not W-2 — finally get a straightforward path.
Two years is typical
The usual benchmark is about two years of 1099 history — or one year with prior experience in the same line of work.
Primary, second, or rental
A 1099 income loan can fund the home you live in, a second home, or an investment property.
An owner who gets it
Owner Esther Buede structures your 1099 file so it's presented to the right lender correctly the first time.
1099 mortgage questions, answered.
How does a 1099 mortgage verify my income?
Instead of full tax returns, the lender uses the income reported on your 1099 forms — usually the past one to two years — to qualify you. Many programs count a high percentage of your gross 1099 earnings, so the business write-offs that lower your taxable income don't work against you the way they do on a traditional loan.
Do I need tax returns or pay stubs?
No. A 1099 income loan is designed so you don't have to qualify on deduction-heavy tax returns or W-2 pay stubs. Your 1099s, plus year-to-date proof of income and verification of your work history, typically do the job.
How long do I need to have been a 1099 earner?
About two years of 1099 history is the common benchmark, though some programs allow one year if you have prior experience in the same field. We'll look at your situation and tell you which lenders fit your timeline.
Who is a 1099 mortgage best for?
Independent contractors, freelancers, consultants, sales reps, and gig-economy earners who are paid on 1099s and write off enough that their taxable income understates what they really make. If your 1099 total looks a lot healthier than your tax return, this is the program to ask about.
How is this different from a bank statement loan?
A 1099 loan qualifies you directly off your reported 1099 income; a bank statement loan qualifies you off the deposits flowing through your accounts. Both skip full tax returns — we'll compare them and put you in whichever qualifies you for more.
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See what your 1099s qualify you for.
One call with the owner — no queue, no pressure. Bring your last year or two of 1099s and we'll tell you honestly where you stand and which lender fits.