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1099 Loans – 10% Expense Factor & Just 1 Year of Income Required
Flexible financing designed for contractors, freelancers, and self-employed borrowers who need a simpler path to qualification
This program offers minimal documentation requirements, competitive loan amounts, and flexibility across property types, helping clients who may not show large profits on taxes still secure funding.
FAQs
Q: How much income history do I need?
A: Just 1 year of 1099 income is required.
Q: Do I need tax returns?
A: No, tax returns are not needed for qualification.
Q: What is the expense factor?
A: Only 10%, with no CPA letter required.
Q: What property types are eligible?
A: Single-family residences, condos, 2–4 units, and more.
Q: How much can I borrow?
A: Loan amounts available up to $3 million.
Why This Program Works
This loan option is perfect for business owners, gig workers, and independent contractors who may have irregular income patterns. By focusing on simplified documentation and a low expense factor, it makes qualifying easier and faster. The ability to finance multiple property types further broadens opportunity for borrowers.
A Smarter Way to Leverage Your Assets
With minimal paperwork, a short income history requirement, and flexible property eligibility, this program removes common barriers faced by self-employed borrowers. It’s an ideal choice for clients who need efficient, adaptable financing without the red tape of traditional lending.