1099 Only Loans for Self-Employed Borrowers

1099 Only Loans

Your Income Is Different. Your Home Goals Still Matter.

Explore mortgage possibilities for 1099 income with an advisor who can help identify an appropriate documentation approach.

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Explore Your 1099 Loan Options

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A Home Loan
Conversation Built Around You

Receiving 1099 income is a starting point for exploring a suitable mortgage—not a guarantee of approval. Talk with an advisor about your work, income, and plans.

Designed Around How You Earn

1099-Based Review

Programs may use 1099 income documentation as part of the review process, based on lender guidelines.

Personalized Options

Your loan professional will review options that may align with your income and home financing goals.

Clear Documentation

You’ll receive a tailored checklist so you know what documents may be needed up front.

Dedicated Guidance

Get answers and support from a loan professional who understands self-employed income.

Property Goal Review

Whether buying or refinancing, your goals will help guide the options that may be available to you.

Transparent Next Steps

You’ll know what to expect at each stage of the process, with clear communication along the way.

Different Ways to Document Income

1099 Documents

Bank Statements

Profit-and-Loss Statements

These are distinct income-documentation approaches. Your advisor will help determine which available program may be appropriate for your situation.

1099 Does Not Mean No Verification

Further documentation and underwriting checks may be needed. Confirm requirements before applying.

Your Path to Exploring a 1099 Loan

1. Start Your Consultation

Tell us what you’re hoping to accomplish through a home purchase, refinance, or equity option.

2. Discuss Your Income

We’ll talk about your work, income sources, and the documentation you currently have.

3. Complete Loan Review

We’ll explain the documents and qualification requirements that may apply.

4. Explore Next Steps

We’ll help you decide which available option may be appropriate to explore further.

Frequently Asked Questions

Helpful answers to common questions about 1099 loans.

Is a 1099 loan the same as a bank statement loan?

No. These programs use different approaches to documenting a borrower’s income. Your advisor can explain which available options may be suitable for your situation.

What should I prepare?

Start by gathering your recent 1099 forms, information about your current work, assets, debts, and the property you want to purchase or refinance. Your advisor will provide the exact document checklist.

Can I discuss a purchase or refinance?

Yes. Depending on program availability and your qualifications, you may be able to explore purchase and refinance options.

Will other documents be needed?

Possibly. A 1099-based program may still require additional income, asset, employment, credit, and property documentation.

How will my income be reviewed?

The lender will calculate qualifying income according to the requirements of the selected loan program. The calculation may differ from your total gross 1099 income.

How do I get started?

Speak with a mortgage professional about your goals, income history, and available documentation. They can help you identify the most appropriate next step.

Not Sure Which Option Fits?

You do not need to know the exact loan program before getting started. Tell us about your income, property, or financing goals, and our team can help you explore available mortgage options.