1099-only mortgage options · Independent contractors

Use eligible 1099 earnings to show the income behind your work.

Certain Non-QM programs may qualify an independent contractor using eligible 1099 income and program-specific expense treatment instead of a full traditional tax-return analysis.

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How it works

Start with the features that shape the decision.

1099 income review

Eligible forms are reviewed for consistency, payer history and qualifying treatment.

Expense factor

Programs may apply a standard or documented expense factor to estimate net qualifying income.

Supporting records

Year-to-date earnings, bank statements or verification of ongoing work may still be required.

Plan before you apply

Details to review with Joe.

Gather complete 1099 forms for the required history.
Document current year-to-date earnings and ongoing work.
Separate reimbursed expenses and nonrecurring income when necessary.
Compare the result with conventional self-employed underwriting before deciding.

Common questions

Use eligible 1099 earnings to show the income behind your work FAQ

Is one 1099 enough?

Requirements vary. Programs may require a history of receipt and evidence that the income is likely to continue.

Are tax returns never required?

Some programs are designed without personal tax returns, but documentation rules vary and additional records may be requested.

Can multiple 1099 sources be used?

Potentially, when the sources and history meet the selected program’s guidelines.

Bank-statement loans Non-QM loans Conventional loans

A clear comparison

See how this option fits your goals.

Joe can review your scenario, explain the tradeoffs and compare available alternatives without the jargon.

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Joe Rogers, EVP of Sales – Cornerstone Division and Mortgage Loan Originator, NMLS #188286. For informational purposes only. Loan programs, rates, terms and eligibility are subject to change without notice. All loans are subject to credit approval, property approval and underwriting requirements. Not all applicants will qualify. Equal Housing Opportunity.