1099 Loans

At a glance

No tax returns required — qualify on 1099 income with a 10% expense factor instead of being penalized for legitimate write-offs. First-time homebuyers welcome.

Program highlights

• No tax returns required
• 10% expense factor
• First-time homebuyers welcome
• Up to 90% LTV
• 1- or 2-year history accepted

How funding works

1. Send your last 1–2 years of 1099s
2. We apply a 10% expense factor — no Schedule C deep-dive
3. Order appraisal and title in parallel
4. Close in 21–30 days

Worked scenarios

Real estate agent, 1099 income $180k

Borrower: Independent contractor, FICO 710, first-time buyer

Property value: $525,000 · Loan amount: $472,500

Outcome: 90% LTV with $162k qualifying income (after 10% expense factor).

Why this program

A flat 10% expense factor is dramatically more favorable than tax-return underwriting, which often nets 1099 earners down by 30–50%.

This program is built for agents, sales reps, gig-economy workers, and consultants who get a clean 1099-NEC.

Combine with our 1-Year P&L product if your 1099 history is shorter than two years.

Frequently asked

How is qualifying income calculated?

Gross 1099 income minus a flat 10% expense factor.

Do you need tax returns?

No — 1099s only.