1099 Only
Apply Today

The 1099 Only Program is built for gig workers, freelancers, and independent contractors who earn income reported on a 1099 form. Instead of traditional tax returns, lenders review one or two years of 1099 forms – plus possibly a year-to-date statement – to assess qualifying income. This helps expedite the process for borrowers who don’t have W-2 income.

Key Features:

  • No tradeline requirement w/ 3 credit scores
  • 12/24 month average minus expense ratio
  • Non-perm up to 80% LTV
  • Unlimited cash-in-hand
  • 3 months cash-out seasoning allowed
  • Cash-out used for reserves
  • Loan amounts up to $4m
  • Loan amounts up to $5m for preferred brokers