1099 Only
Insights, strategies, and real-world guidance for financing self-employed borrowers using 1099-only income. Explore how lenders evaluate 1099 income, common underwriting pitfalls, qualifying tips, and deal structures that help independent contractors, gig workers, and entrepreneurs secure funding without traditional tax returns. Built for brokers and investors navigating modern self-employed lending.
What Is A 1099 Loan?
This guide breaks down who a 1099 loan is best for, how underwriting evaluates income, and the key rules brokers must confirm early - including the 2-year history requirement, the 80% YTD deposit test, and the 25% cap on income increases. When structured correctly, a 1099 loan offers brokers a clean, efficient path to approval for strong self-employed borrowers with real income but complex documentation.
