🧾 1099-Only Loans
Your 1099s are the whole application.
If you’re an independent contractor with clean 1099s, some non-QM programs let those forms carry the file: typically one to two years of 1099s with a modest expense factor, and no tax returns. It’s the shortest documentation path for gig-economy pros, realtors, nurses, drivers, and anyone whose income arrives on a 1099-NEC.
Is this you?
1099-Only Loans tend to be a great fit for…
- Independent contractors and gig workers with consistent 1099 income
- Real estate agents, travel nurses, consultants, and commission-only pros
- Borrowers who’d rather not explain every line of a Schedule C
Questions investors actually ask
1099-Only Loans: straight answers
How is my income calculated from 1099s?
Programs typically total your 1099 income over the lookback period (one or two years), apply an expense factor — often around 10%, though it varies — and divide to a monthly figure. No Schedule C forensics required.
What if I have multiple 1099 sources?
Multiple payers are normal and generally fine — think a realtor with several brokerages or a nurse with multiple agencies. Continuity of the work matters more than a single employer.
One year or two?
Two years is the standard ask; some programs accept one year with a longer overall history in the same line of work. Bring what you have and we’ll match the program to it.
Keep exploring
DSCR Loans
The rental’s income does the qualifying — no tax returns, no W-2s, no personal DTI math.
Learn more →Bank Statement Loans
Your deposits tell the income story — 12 or 24 months of statements instead of tax returns.
Learn more →P&L-Only Loans
A CPA-prepared profit & loss statement stands in for the entire income file.
Learn more →Not sure if 1099-only loans fit your deal?
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