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Get 1099 Income Loans

If you earn money via a 1099 tax form, this income could be eligible for a mortgage through 1099 income loans, depending on the loan program.

Truss Financial Group helps contractors and freelancers compare self-employed mortgage options and understand the documents needed to apply.

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Latest bank statement loan update

Updated September 2026

Reviewed by Jason Nichols

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What is a 1099 Income Loan?

A 1099 income loan is a mortgage option for contractors, freelancers, and consultants whose earnings are reported on 1099 forms. It offers a way to apply using self-employment income rather than relying on regular employee pay stubs.

A 1099 shows payments received, but that amount is not automatically your qualifying income. Lenders also consider business expenses, income stability, credit, debts, and the documents required by the loan program.

Depending on your financial profile, options may include conventional financing or non-qualified (non-QM) mortgages with alternative documentation. Truss Financial Group can help you compare self-employed mortgage options and understand which records you may need.

Who This Option Suits

Independent contractors Explore mortgages using eligible 1099 income from your contract work.

Freelancers and consultantsExplore mortgages using your documented freelance or consulting income.

Homebuyers and homeownersUse eligible 1099 income to explore financing for a home purchase or refinance.

Benefits of 1099 Income Loans

Flexible ways to document your income and explore mortgage options.

1099 income

Use eligible contractor or freelance earnings to apply for a mortgage, with income documentation suited to the program.

Documentation options

Some programs accept bank statements, profit and loss statements, or other financial records to help document your income.

Cash flow review

If deductions reduce your taxable income, certain programs may assess cash flow using an alternative documentation method.

More loan choices

As a mortgage broker and lender, TFG can help you compare programs from multiple lenders to suit your needs.

1099 Income Loan Features

1099 forms

Forms such as 1099-NEC report payments for contract or freelance work, rather than wages paid through a traditional paycheck.

Income history

Lenders review documented earnings over the period required by the program to assess whether your income is stable.

Income assessment

Your qualifying income and monthly debts help lenders assess affordability through your debt-to-income (DTI) ratio.

Tax deductions

Business deductions can reduce taxable income. How they affect qualification depends on the lender’s income calculation and documentation requirements.

Property options

Primary residences, second homes, and investment properties may be eligible, depending on the lender, loan program, and property type.

Non-QM options

Some non-QM programs use alternative income documents, while lenders still review your credit, assets, and overall ability to repay.

How to Qualify

Lenders look at more than your 1099 forms. Your credit, income history, debts, assets, and property all play a part. Requirements vary by lender and program.

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Credit scores

Lenders review your credit history and scores, such as FICO or VantageScore, against the program’s requirements.

Income records

Your 1099 forms and supporting records, such as profit and loss reports, help lenders verify qualifying income.

Self-employment history

Lenders review your self-employment history and industry experience. The required length and evidence vary by program.

Debt-to-income ratio

Lenders compare your monthly debt payments with qualifying income to assess affordability. The maximum ratio depends on the program.

Assets and reserves

Lenders review eligible savings, investments, and reserves. The assets that count and any reserve requirements vary by program.

Property and occupancy

Eligibility depends on the property and its intended use, such as a primary home, second home, or investment property.

Qualification Paths

We can help you compare options based on your income records and mortgage goals.

Non-QM loans

Explore programs with alternative income documentation, subject to the lender’s eligibility and underwriting requirements.

Bank statements

Certain programs assess qualifying income using personal or business bank statements in place of tax returns.

Alternative documentation

Some programs use profit and loss statements or other financial records to verify your income.

How to Apply for 1099 Income Loans

Tell us your goals

Share your 1099 income, credit background, and property plans so we can explore mortgage options that may fit.

Gather your documents

Prepare recent 1099 forms and any tax returns, bank statements, or profit and loss reports required by your program.

Compare your options

Review programs, rates, fees, and required documents with your loan officer to understand how your options compare.

Choose and apply

Select the option that fits your needs, then work with your loan officer to complete and submit your application.

Explore More Loan Programs from Truss

Bank statement loans

Use personal or business bank statements to document eligible income when tax returns do not fully reflect your cash flow.

Asset depletion loans

Use eligible savings and investments to support mortgage qualification when you have substantial assets but limited employment income.

Profit and loss programs

Explore programs that may use a profit and loss statement to assess business income, subject to the lender’s documentation requirements.

DSCR loans

Explore investment property financing based primarily on rental income, with credit, reserve, and property requirements determined by the lender.

Reviews from TFG borrowers

Quick process & great rates

Truss Financial Group did a great job handling our refi process. Gathering documents was easy and fast, which led to a quick decision. Marcus kept us updated and if challenged he found ...

Truss Financial Group did a great job handling our refi process. Gathering documents was easy and fast, which led to a quick decision. Marcus kept us updated and if challenged he found ways to manage things. We got a great rate and are using them again for our investment property.

Tyrone S.

Seamless refinancing process

Needed to refinance an inherited rental property out of state. We were concerned about proving income and revenue and Marshall was incredibly helpful through every stage. He made this a...

Needed to refinance an inherited rental property out of state. We were concerned about proving income and revenue and Marshall was incredibly helpful through every stage. He made this a seamless process and we were funded in 30 days. They made this a very low stress process.

Ed B.

Reliable investment property lender

Great service! I have several loans with Truss for my investment properties. Trust me, they will take care of you!

Lisa R.

Cherry

Robert

Excellent service for self-employed

Excellent financial services for self employed individuals. Abrahim was great to work with.

Rob G.

Bank statement refinance made easy

I did a refinance using bank statements. As a self employed individual, our W2 doesn't fully reflect our take in the business. The entire process was right around 30 days and was as pai...

I did a refinance using bank statements. As a self employed individual, our W2 doesn't fully reflect our take in the business. The entire process was right around 30 days and was as painless as any large transaction can be.

Reggie O.

Fast no-doc loan for unique situation

Marshall was wonderful to work with and helped me immensely. I was able to get a no doc loan fast and easy. I had a unique situation and Marshall knew exactly how to handle my file.

Christopher W.

Perfect solution for retiree financing

I am retired and do not have regular monthly income so I no longer qualify for traditional loan products. I am also tech illiterate. Delania took time to help me navigate the process in...

I am retired and do not have regular monthly income so I no longer qualify for traditional loan products. I am also tech illiterate. Delania took time to help me navigate the process in a way that best fit my needs.

Sylvia L.

Johnny

HELOC closed in under 15 days

Marshall was kind, patient, polite and professional with me. We got a HELOC loan and in less than 15 days they were able to do the closing! It was a great experience!

Marislea R.

Best loan officer in 37 years of real estate

Marshall was absolutely THE BEST mortgage loan officer I've ever dealt with and I have been a Real Estate Broker for 37 years! He is knowledgeable, professional, and prompt in communica...

Marshall was absolutely THE BEST mortgage loan officer I've ever dealt with and I have been a Real Estate Broker for 37 years! He is knowledgeable, professional, and prompt in communication.

Shelia S.

HELOC approved when others said no

All the other lenders turned me down but Caesar was able to get me the HELOC I needed and saved me. It was fast and is already finished.

Ronny T.

Informative HELOC process

I worked with Reza & Delania & they were very informative regarding my HELOC and the process was easy!

Daniel R.

Zero conditions on approval

Working with Marshall and Betty was incredibly easy. They prequalified my loan so well that I had zero conditions on my approval, just needed insurance.

Austin H.

Kevin

Quick preapproval with best options

Very professional and easy to work with. Marshall got me preapproved quickly for my purchase and was helpful in finding the best options and rates.

C. C D.

Completely straightforward process

Marshall was amazing to work with - responsive, on top of all the details and super efficient. He made the whole process completely straightforward.

Nina D.

Easy first-time home purchase

Heather made my first time home purchase an exciting and easy process. I am looking forward to using her in the future and so should you!

Brianna R.

I was extremely impressed by the rapid…

I was extremely impressed by the rapid response from your team. I was guided and timely informed of each step of the process. Sincerely

Dones Godwins

Brad

Delania Got Us Our Loan

Delania was able to provide the amount of money we required in a reasonable amount of time with reasonable broker fees and interest rate.
Also, they were able to h...

Delania was able to provide the amount of money we required in a reasonable amount of time with reasonable broker fees and interest rate.
Also, they were able to handle my lien and I obtained the funds with perfect timing for my purposes

Beverley H

The over all experience was good

The over all experience was good. Caesar would always respond in a timely manner, was patient explain anything I didn't understand. I enjoyed working with him very professional. <...

The over all experience was good. Caesar would always respond in a timely manner, was patient explain anything I didn't understand. I enjoyed working with him very professional.
The video sent from management was also helpful. It kept my posted, and explained what to expect.

GTI

Truss Financial provided Excellent Service.

Truss Financial was great to work with. They provided up to date information on my refinance and were able to close earlier than expected. I would definitely recommend Truss Financial.

Irving Castro

1099 Income Loan FAQs

Can you get a mortgage if you're 1099?

Yes, many lenders can still process a mortgage loan when the borrower has self-employed income or an alternate form of income.

Is it hard to buy a house with 1099 income?

Buying a house with a 1099 income generally requires more documentation than a W-2 income loan application. Mortgage brokers can advise which income programs apply to your case and documentation requirements.

What is a 1099-INT mortgage form?

A 1099-INT form describes the borrower’s interest income for the past year. A 1099-INT form differs from a 1099-NEC form, which indicates contractor income, which may have different guidelines when applying for a mortgage.

How much income to qualify for a $500,000 mortgage?

It depends on the mortgage program, rates, debt, and other factors. See our mortgage calculator and speak with a loan officer to determine how much you might need.

Can you use 1099 as proof of income for a mortgage?

Using a 1099 income report as proof of income for a mortgage is acceptable, but most lenders will still review other aspects of your income reports, banking, and documentation.

Is it harder to get a loan with a 1099?

Getting a loan with a 1099 may involve more documentation, and certain programs have higher interest rates than traditional, conventional mortgage products. Eligibility depends on several criteria for most loan programs for 1099 income borrowers.

Is a 1099 the same as self-employed?

Not entirely. A 1099 indicates how the borrower reported income to the IRS, and self-employment describes how the borrower works. Some self-employed individuals will receive 1099 income reports, but not all may.

What percentage of 1099 income can we use for a 1099 loan?

There is no set percentage. It depends on documentation, deductions, expenses, and several other criteria. It depends mostly on your tax filings.

Do I need a CPA letter for a 1099 loan?

Not always. For some loan programs, tax preparers and CPA letters may be required to verify income, documents, and certain reports. Specific eligibility requirements will vary by loan program.

What are the best home loans for 1099 employees?

The best 1099 home loans depend on personal circumstances, as well as the borrower’s income, credit, and goals. Speak with a Truss Financial Group loan officer to see which 1099 loan programs might be right for you.

Find a mortgage that fits you

Share your plans and financial records. A loan officer can explain relevant options, required documents, and your next steps clearly.

Consumers wishing to file a complaint against a mortgage banker, or a licensed mortgage banker residential mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 north Lamar, suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.Sml.Texas.Gov. A toll-free consumer hotline is available at 1-877-276-5550.

The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage banker residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s website at www.Sml.Texas.Gov

This website is provided solely for informational purposes. The accuracy of the information is not guaranteed, either expressly or impliedly. The content herein should not be construed as an offer to extend credit or as a commitment to provide a loan. Approval of loans is contingent upon the completion of underwriting procedures, and not all applicants may qualify for approval. Certain restrictions may apply.

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