1099 Income Loans
Home financing built for independent contractors
Qualify using 1099 forms and contractor income history instead of full tax returns. A streamlined Non-QM path for gig workers, commissioned professionals, and independent contractors. Available through our wholesale lending network.
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What this program offers and who it tends to fit best.
01
Gross income based
Qualification starts from earnings before write-offs.
02
One or two years of 1099s
Recent contractor income history establishes qualification.
03
No full tax returns
Skip the complete 1040 package and its schedules.
04
Multiple property types
Primary, second home, and investment property options.
01
Less paperwork
A leaner file than full self-employed documentation.
02
Fair to contractors
Underwriting that matches how independent professionals earn.
03
Deductions don't disqualify you
Legitimate write-offs stop working against your approval.
04
Purchase and refinance
Available whether you are buying or restructuring what you own.
frequently asked questions
Common questions about this loan program.
A 1099 income loan qualifies independent contractors using their 1099 forms rather than full tax returns. It is designed for people whose gross contractor earnings are a fairer picture of their income than their net figure after deductions.
Most programs accept one or two years of 1099s, with two years generally producing a stronger file. Requirements vary by lender, and a shorter history can sometimes work when the contractor relationship is well established.
Qualification typically starts from gross 1099 earnings, with an expense factor applied to arrive at usable income. Because the calculation begins before write-offs, the result is often higher than what a tax return would support.
Independent contractors, gig workers, commissioned professionals, real estate agents, and consultants who receive 1099 forms rather than W-2s. Credit, assets, and the property are reviewed as they would be on any loan.
Yes. Most 1099 programs cover primary residences, second homes, and investment properties, though terms and down payment expectations differ by occupancy type.
Talk with a licensed City First Mortgage loan officer about your goals, your timeline, and which program fits. No cost, no obligation, and no credit pull to start the conversation.
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