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Concrete Wall

1099 Income Loans

The perfect  option  for freelancers, contractors, and self-employed borrowers.

Although a growing number of borrowers are 1099 workers it can be difficult for self employed borrowers to secure mortgage financing.  Many freelancers, contractors, gig economy workers or other self-employed borrowers who file using W-9s cannot qualify for a traditional mortgage loan. Our 1099 income loan option is designed specifically for self-employed borrowers who may not qualify for traditional mortgage loans.

These underserved borrowers can use 1099 earning statements in lieu of tax returns to qualify for a mortgage. Our 1099 Income loan is an alternative loan solution that helps many self-employed 1099 earners achieve homeownership. 

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   1099 Income Loan Features


  • Loans up to $3 million, Minimum loan of $150,000

  • No tax returns are required

  • Most recent one or two years 1099 plus year to date earning statement allowed

  • Year to date earnings are verified from earning statement, paystubs, or bank statements

  • 1099s must be from a single employer

  • Borrower must be self-employed working for the same employer for two years

  • Owner-occupied, second homes, and non-owner occupied

  • Purchase and cash-out or rate-term refinance

  • Two years seasoning for foreclosure, short sale, bankruptcy or deed-in-lieu

  • Loan amounts greater than or equal to $1,500,000, a borrower paid second appraisal must be obtained

  • 40 year interest only available

Concrete Wall

Conventional vs 1099 Income Loans 

NOTE: It's important to note that the specifics of conventional Non-QM mortgage loans can vary depending on many factors. This chart provides a general overview of the key differences between the two types of loans. Contact us at 503-343-7999 to learn more about the lending solutions we offer!

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Contact Us

Lending Office

5335 Meadows Rd, Suite 388, Lake Oswego, OR 97035


Direct Line: 503-343-7999 


Office Hours

Mon - Fri

9:00 am – 5:00 pm

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