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1099 Income Qualification Program
Flexible Mortgage Solutions for 1099 Earners
Our 1099 Income Qualification Program is designed specifically for self-employed individuals and independent contractors who receive their income exclusively on 1099 forms. Forget the hassle of providing tax returns — this program allows you to qualify using just your 1099s, making the path to homeownership faster and simpler. Whether you’re a first-time buyer or looking to upgrade, this option is built to fit the realities of self-employed income.
FAQs
What is the maximum loan amount?
Up to $3 million.
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What’s the minimum credit score?
Typically starts at 620, but program flexibility allows for case-by-case evaluation.
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Can I use this program for refinancing?
Yes — available for purchase, rate & term, and cash-out refinancing.
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What documents are required?
Two years of 1099 forms and two months of bank statements to support income.
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Is this available for first-time home buyers?
Yes, first-time home buyers are eligible.
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What property types are allowed?
Single-family homes, condos, and select investment properties.
Why This Program Works for 1099 Earners
Self-employed borrowers often face unique challenges when it comes to qualifying for a mortgage. Tax returns can be reduced by deductions, making it harder to show sufficient income. By allowing qualification based solely on your 1099s, this program focuses on your real income potential — helping you secure financing without the roadblocks of traditional documentation requirements.
A Smarter Path to Homeownership
With flexible requirements and high loan limits, the 1099 Income Qualification Program offers a streamlined way for independent professionals to purchase or refinance a home. It’s a practical, borrower-friendly option that recognizes the unique strengths of self-employed income earners.