Mortgage Options for 1099 and Contract Income
Independent contractors, consultants and freelancers are often paid on Forms 1099 rather than W-2s, and that income may be reviewed differently from salary. 1099 income is an income type rather than a separate mortgage product, so it is generally evaluated as part of a broader review that may also consider credit, assets, property type, down payment and other applicable documentation. Which documentation is relevant depends on the borrower, property, lender and program. A scenario review can help identify which path may fit.
Your 1099s Tell the Real Story
Traditional lenders require W-2s and tax returns to verify income. But as a 1099 contractor, your tax returns may show low income after deductions — even though your actual earnings are strong.
Our 1099 mortgage program uses your 1099 income history directly to calculate qualifying income. We average your 1099 earnings over 1–2 years without requiring full tax return documentation.
Who This Program Serves
Tech Contractors
Software engineers, consultants, and IT professionals working on contract.
Creative Professionals
Designers, photographers, writers, and other creative freelancers.
Healthcare Professionals
Traveling nurses, locum physicians, and healthcare contractors.
Construction & Trades
Independent contractors in construction, plumbing, electrical, and trades.
1099 Loan Questions
Ready to Get Started?
Start your application or schedule a consultation to learn if a 1099 mortgage is right for your situation.