🧾 1099 Income Loans
One form. Your 1099s can carry the whole file.
Independent contractors get squeezed from both sides: too self-employed for W-2 lending, but with taxes that bury their real earnings under deductions. A 1099-only program cuts through it — qualifying income comes straight off your 1099 forms, usually with a modest expense factor, and your tax returns never enter the file.
Is this you?
1099 Income Loans tend to be a great fit for…
- Realtors, brokers, and commission-based sales professionals
- Gig-economy and platform workers with 1099 income
- IT consultants, travel nurses, and independent contractors
- Anyone whose Schedule C deductions erase their qualifying income
Questions friends actually ask
1099 Income Loans: straight answers
How is 1099 income calculated?
Typically the lender totals your 1099 forms for the most recent one or two years and applies a modest expense factor (often around 10%) to arrive at qualifying income — dramatically friendlier than a Schedule C net figure for most contractors.
Do I need the same client or company on my 1099s?
No — multiple payers are fine. What underwriters look for is continuity in your line of work, usually one to two years in the same field.
Can W-2 income be combined with 1099 income?
On many programs, yes — a part-time W-2 plus contractor income can be blended. Joe will map which combination produces your strongest file.
Is this the same as a bank statement loan?
Same family, different documentation. If your 1099s capture most of your revenue, this route is simpler. If your income flows as direct deposits without 1099s, bank statements are the better tool.
Keep exploring
DSCR Loans
Investor loans where the rental income covers the payment. No personal income docs, no tax returns, no DTI.
Learn more →Bank Statement Loans
Qualify with 12–24 months of business or personal bank statements instead of tax returns. Built for the self-employed.
Learn more →P&L Statement Loans
Qualify with a CPA- or EA-prepared profit-and-loss statement — sometimes with no bank statements at all.
Learn more →Not sure if 1099 income loans are right for you?
That’s literally what Joe is for. One conversation, all nine programs side by side, zero pressure to move forward.