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NON QM - 1099 ONLY
THE HOME LOAN FOR INDEPENDENT CONTRACTORS
THE HOME LOAN FOR INDEPENDENT CONTRACTORS
1099 ONLY- BECAUSE YOUR HUSTLE SPEAKS FOR ITSELF.
The 1099 Only Non-QM Mortgage Program is designed for independent contractors, freelancers, and self-employed professionals who rely on 1099 income. Traditional lenders often ask for W-2s or tax returns that don’t reflect your true earnings — we focus on what actually matters: your verified 1099 income and consistent self-employment history.
This program allows borrowers to qualify using their 1099 income only, with minimal documentation, flexible guidelines, and fast closings. If your business shows steady income and you’ve been self-employed for at least two years, your 1099 can get you into a mortgage without the hassle of tax returns or bank statement verification.
DSCR Loans Built for Buying, Refinancing, and Scaling
Who This Program Is For
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Independent contractors
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Freelancers & gig economy workers
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Self-employed professionals
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Borrowers who file 1099s instead of W-2s
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Investors or primary/secondary home buyers
Income Documentation Requirements
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2 years of 1099 income (latest forms)
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Year-to-date 1099 documentation (if available)
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Proof borrower has been self-employed for 2+ years
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No W-2s required
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No tax returns required
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No bank statements required to support 1099 income
Asset & Down Payment Flexibility
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Asset statements for funds to close
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100% Gift Funds Allowed (including investment properties)
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No sourcing required for large deposits
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No seasoning required for assets
Eligible Property Types
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Primary residence
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Second home
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Investment properties
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1–4 Unit Residential Only
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Transfer appraisals allowed
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No LTV reduction for 2–4 unit properties
Loan Guidelines
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Loan Amounts: $150,000 – $2,500,000
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Maximum LTV: Up to 80%
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Minimum FICO: 660
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Borrower must have 2+ years of self-employment history
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First-time homebuyers allowed (rent-free letters acceptable)
Program Restrictions
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❌ No ITIN borrowers
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❌ No mixed-use properties
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❌ No 5+ unit properties
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LOAN DOCUMENT SUBMISSION
CHECK LIST
Use this checklist to gather the documents needed to apply for a Bank Statement Loan. Requirements may vary by lender and state.
01
1003 APPLICATION
COMPLETE 1003 APPLICATION, UPLOAD ALL REQUIRE SUBMISSION DOCUMENTS
03
INCOME INFORMATION
2 YEARS 1099 FORMS, YEAR TO DATE 1099 DOCS., 2 YEAR SELF EMPLOYMENT VERIFICATION, BUSINESS ENTITY DOCUMENTS, CPA LETTER, ETC.
02
PERSONAL INFORMATION
PHOTO ID, SOCIAL SECURITY OR PASS PORT,. CREDIT REPORT AUTHORIZATION FORM, PULL CREDIT REPORT
04
PROPERTY INFORMATION
PURCHASE CONTRACT OR MORTGAGE STATEMENT, TAX CERTIFICATE, INSURANCE INVOICE OR RECEIPT, HOA QUESTIONNAIRE (if applicable)
THE HOME LOAN FOR INDEPENDENT CONTRACTORS