1099 Only Jumbo Home Loan
1099 mortgage financing for high-earning freelancers, independent contractors, gig workers, and self-employed business owners who may not qualify using traditional income documentation.
Jumbo 1099 Loan Program for Sole Proprietors
A flexible alternative income documentation mortgage program that allows qualified borrowers to use 1099 earnings rather than tax returns for income qualification.
Designed for self-employed professionals and independent contractors, this program may be ideal for consultants, real estate agents, contract workers, rideshare drivers, and other entrepreneurs seeking a simplified path to home financing.
Purchase, Rate & Term Refinance, and Cash-Out Refinance Options
Competitive jumbo loan amounts with flexible down payment requirements and high loan-to-value ratios for qualified borrowers.
Program Highlights
- Purchase financing up to 85% LTV with loan amounts to $4,000,000
- Cash-out refinance financing up to 85% LTV with loan amounts to $2,000,000
- Cash-out proceeds available up to $1,500,000
- Expense factors as low as 10% of gross 1099 income
- Less than one year of self-employment may be considered
- Permanent interest rate buydown options available
- Current pay stub or bank statement may be used to support ongoing income verification.
Available in the Following States
Alabama, Arizona, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Louisiana, Maine, Maryland, Massachusetts, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Last Updated on 2 weeks ago by Broker Mortgages