Self-Employed, a 1099 Earner, or Have Non-Traditional Income?

Explore Mortgage Options Using Bank Statements, 1099s, Profit-and-Loss Statements, or Other Alternative Income Documentation.

One Application. Multiple Mortgage Options.

Depending on the program, eligible self-employed borrowers may be able to document income using 12-month bank statements, 1099s, profit-and-loss statements, assets, or other alternative documentation.

Prime Choice Funding can help you compare available mortgage options based on your income structure, assets, property, credit profile, and financing goals.

By submitting this form, you authorize Prime Choice Funding to contact you by phone call, email, and SMS/text message, including through automated technology, AI-generated or prerecorded voice or text messages, regarding mortgage products and services. Consent is not required as a condition to obtain a loan or services. Message and data rates may apply. You may opt out at any time. Questions? Contact us at info@primechoicefunding.com.

Why Choose Us

Why Choose Prime Choice Funding?

Experience, access, and a commitment to deliver more for you.

Proven Track Record

Since 2007, we’ve helped families nationwide close nearly $10 billion in mortgages.

Access to Competitive Rates

As a national wholesale mortgage broker, we work with lenders to offer some of today’s most competitive rates and terms.

$1,000 Loan Offer Commitment

If you find a better offer,
we’ll match it or give you $1,000*

Self-Employed Mortgage Highlights

12-Month Bank Statement Options
Certain programs may use eligible personal or business bank-statement deposits to document income.

1099-Only Options
Eligible borrowers may be able to use 1099 income documentation, subject to lender guidelines.

Profit-and-Loss Statement Options
Some programs may allow qualifying income to be reviewed using an eligible P&L statement.

Multiple Lenders to Compare
Prime Choice Funding can compare available programs based on your complete scenario.

Purchase, Refinance & Home Equity
Explore available financing for buying, refinancing, or accessing equity.

CUSTOMER STORIES

Real Experiences. Real Homeowners.

See what borrowers have to say about their experience with Prime Choice Funding.

4.7 customer love
Todd Nedden and his team at Prime Choice are relentless in satisfying the customer and obtaining the loan with the stipulations they require. Todd and Veronica kept me informed throughout the process and never tired of my constant emails and phone calls. They were a pleasure to work with and finalized the loan I requested.
William L. Verified customer
I had a fantastic experience refinancing my home with Prime Choice Funding. Todd and Veronica Hall were absolutely the best—professional, responsive, and always kept me updated throughout the process. They answered all my questions promptly through emails and phone calls, which gave me peace of mind every step of the way. I'm very happy I chose Prime Choice Funding and highly recommend them!
Steven R. Verified customer
It was a pleasure to work with Zack Seither with Prime Choice. We work together as a team and he was great to work with. He assisted my wife and I with our many questions and concerns. He made himself available at anytime to make sure we meet certain time requirements during the process.
Miguel G. Verified customer
Prime Choice Funding, what can I say other than Thank you! You made not only the impossible happen, but you were always available to answer my questions and keep my hope alive. We bought our house a year ago, It was a Veteran Home Loan; we came upon difficult times, and one of our family members needed help. We drained our savings and were late on our very high mortgage payment for the following two months. Which would shy away most lenders with a ten foot pole. Andrew Carrillo, of Prime Choice; was still able to get our interest reduced and our mortgage payment reduced by quite a few hundred dollars. I cannot thank him enough for his help and hard work to get our loan pasted through and approved. I am forever grateful to him. If you have the opportunity Veterans, to do an Interest reduction on your loan; take it, try and request Andrew Carrillo, to assist you, and hopefully you get Veronica Hall, to be the loan processor. These two were better than fantastic, they were constantly in communication with us and with each other. Honestly they worked very hard to make this happen for us. I am forever grateful for them, we are looking forward to the future of our home, and the lower monthly payment that we will be paying. Veterans, if you want to save some money and would like to look into lowering your monthly mortgage payment. Give Prime Choice Funding a call and ask for Andrew Carrillo, he will work very hard, to help you out.
Douglas H. Verified customer
Prime Choice Funding was the best for getting the funding needed and always very professional at all the time from the start to the closing. I gave a 10 not a 5!!! Also Michael Bruner the loan officer to work, he always keep you motiivate and when you needed he always was "over extreme professional at all the time from begginig until the closing". We are family appreciate everything he did. The Best.
Luis F. Verified customer
Amazing!!! The best mortgage lender professionals. Keith and his team went above and beyond for us. They communicated effectively and provided a very smooth process to refinance my home. I couldn't be happier with Prime Choice Funding. I definitely recommend this company to all who are seeking a mortgage lender.
Matthew H. Verified customer
I want to thank David Arnold and Robert Foster so much for all of their help and making the process of refinancing our home a breeze! They were available to answer all of our questions quickly and throughly, and explained every step of the process in a way that was easy to understand. We are saving money every month and got a better interest rate, which we will forever be grateful for! I wish I could rate higher than 5 stars because we had an excellent experience and would recommend Prime Choice to anyone in the market. Thank you so much again Dave and Robert!
Kaitlyn C. Verified customer
Dave and Sam are great group to work with. They guided me through every step and answered all questions I ask. I would definitely recommend Prime Choice Funding Inc. to anyone. Thank your for the awesome work you do!
Pauline G. Verified customer
Believe me when I say Prime Choice Funding has your best interest at heart! All the representatives (Andrew Carillo, Dave Arnold) were timely, professional & extremely knowledgeable in refinancing my home. They kept me up to date on the status & answered all the questions from the first contact to even after closing! Where others have failed…Give Prime Choice Funding a try today!!
Cynthia R. Verified customer
Working with professional and friendly team, key to success, we can't say enough positive things about the team that worked with us to do our refi. we are very happy with the results and looking forward to the follow up in March. Thank you so much Brighton and Chrystal you guys rock...:)
Elizabeth S. Verified customer

Your Tax Returns May Not Tell the Full Story

Self-employed borrowers often have income that looks different from a traditional W-2 paycheck.

Certain mortgage programs may offer alternative ways to document qualifying income using:

  • 12-month bank statements
    1099 income
  • Profit & Loss statements
  • Eligible assets
  • Other alternative documentation

Why Self-Employed Borrowers Explore Alternative Documentation Loans

Your Income May Be Documented Differently

Self-employed income is often more complex than a traditional W-2 paycheck. Alternative documentation programs may provide other ways to review eligible income.

Explore Options Based on Your Complete Financial Picture

Your income, assets, credit profile, property, and financing goals can all help determine which available options may fit your situation.

Guidance From Mortgage Professionals Who Understand Self-Employment

Prime Choice Funding can help you understand documentation requirements and compare available programs from multiple lending sources.

Self-Employed Mortgage FAQs

Answers to common questions from self-employed homebuyers and homeowners.

Yes. Self-employed borrowers can qualify for traditional mortgages as well as alternative-documentation programs depending on their financial circumstances and the applicable loan requirements.
Certain Non-QM programs may allow eligible borrowers to qualify using alternative documentation such as bank statements, 1099 income, Profit & Loss statements or assets instead of tax returns for income qualification.
Lenders generally analyze eligible deposits over the required period and calculate average monthly qualifying deposits. When business statements are used, applicable business expenses may also be factored into the calculation.
Programs commonly evaluate a specified period of bank statements, often 12 or 24 months. Requirements vary by lender and loan program.
Yes, certain programs allow qualifying income to be calculated using eligible deposits from business bank statements.
Yes. Eligible rate-and-term and cash-out refinancing options may be available.

Explore Mortgage Options Built Around How You Earn

Whether you are purchasing, refinancing, or accessing home equity, Prime Choice Funding can help you compare available options based on your unique financial situation.

Prefer to Talk With Us? Call (800) 333-4042

Prime Choice Funding, Inc. | NMLS #117375

Loan programs, terms, documentation requirements, and eligibility are subject to approval. This is not a commitment to lend. Not all applicants will qualify.

*$1,000 Loan Offer Commitment
We will match or beat any mortgage offer — or pay you $1,000. Terms apply. See full details at myPCF.com/offer-commitment.

$20 Savings Plan Incentive
To qualify, participants must complete the form and upload a valid mortgage statement. Limit one incentive per household. Incentive will be mailed within 30 days of eligibility verification. Offer void where prohibited. Prime Choice Funding, Inc. (NMLS #117375) reserves the right to modify or cancel this offer at any time. Participation does not obligate you to refinance or apply for a loan. Savings analysis results may vary.

Privacy & Communication Consent
By submitting, you authorize Prime Choice Funding to contact you by phone call, text message, email, and/or automated systems, including artificial or prerecorded voice. Consent is not required to apply. Message and data rates may apply. Questions? Contact us at info@primechoicefunding.com.

Licensing & Legal Disclosure
Prime Choice Funding, Inc. (NMLS #117375) is a licensed mortgage lender and broker. We are not affiliated with, endorsed by, or acting on behalf of any government agency. This is not a commitment to lend. All loan approvals are subject to creditworthiness, underwriting guidelines, satisfactory title, and appraisal. Final loan decisions are subject to lender approval and may require additional documentation during underwriting. Not all applicants will qualify. For licensing information, visit www.nmlsconsumeraccess.org.

AL Lic#22408 | AZ Lic#0940991 | AR Lic#117267 | CA DFPI Lic#603F471 | CA DRE Lic#01806911 | CO Lic#117375 | DC Lic#MLB117375 | DE Lic#025874 | FL Lic#MLD1505 | GA Lic#48008 | ID Lic#MBL-9234 | IN Lic#38334 | KY Lic#MC410331 | LA Lic#117375 | MA Lic#MC117375 | MD Lic#21456 | MI Lic#FL0020964 | NC Lic#B-230942 | NH Lic#21548-MB | NJ Lic#NJ-C-01020 | NM Lic#117375 | NV Lic#5024 | OH Lic#RM.804338.000 | OR Lic#ML-4926 | PA Lic#105337 | SC Lic#DCA-117375 | TN Lic#135287 | TX SML NMLS#117375 | VA Lic#MC-5862.

Texas Residents
If the new loan is subject to Section 50(a)(6) and the new loan to value exceeds 80%, you will not be eligible for this refinance. Additional restrictions may apply.

Figure: 7 TAC §80.200(b)
CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A COMPANY OR RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.
THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED RESIDENTIAL MORTGAGE ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.

Contact Us
Questions? Contact us at info@primechoicefunding.com or call 877-787-7463.
Prime Choice Funding, Inc. | 1 Corporate Park, Suite 200, Irvine, CA 92606 | NMLS ID: 117375 | Equal Housing Opportunity.

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