1099 Mortgage Loans Made Easy for Self-Employed Texans
If you’re a freelancer, contractor, gig worker, or business owner in Texas, qualifying for a traditional mortgage can feel like a dead end. But it doesn’t have to be. 1099 mortgage loans are built specifically for self-employed borrowers like you, those earning non-traditional income through 1099 forms instead of W-2s.
With a 1099 home loan, you can get approved based on your actual income activity, using alternative documentation like bank statements or profit and loss statements instead of tax returns. It’s a smarter, more flexible way to get the keys to your next home.
What Is a 1099 Mortgage Loan?
A 1099 mortgage loan is an alternative documentation loan designed for self-employed borrowers who receive 1099 income. Instead of relying on W-2s or full tax returns, lenders verify your income through bank statements, 1099s, or profit and loss statements.
This program is ideal for entrepreneurs, freelancers, real estate agents, consultants, and others whose income doesn’t follow a traditional employment model.
Are You a Good Fit for a 1099 Loan?
You’ve received 1099 income for at least 12–24 months.
You are self-employed, a gig worker, or an independent contractor.
You have difficulty qualifying with W-2s or tax returns.
You maintain solid credit and have enough for a down payment.
Why Choose a 1099 Loan?
1099 mortgage loans come with a range of benefits tailored to your needs:
- No W-2s or tax returns required.
- Bank statements or P&L statements are accepted.
- Faster and more flexible underwriting.
- Custom loan terms and competitive interest rates.
- Ideal for self-employed and seasonal earners.
These loans are designed to understand your true financial potential, without penalizing you for how you earn.
You’ve built your career on independence—now finance your home the same way. Our 1099 mortgage programs are designed to help self-employed borrowers like you qualify on your terms.
Let’s turn your business success into homeownership. Reach out today to explore your loan options, get prequalified, or apply online with confidence.
Loan Options Tailored to Self-Employed Borrowers
We offer a variety of 1099 loan programs to match your specific needs:
- Home Purchase Loans: Buy your primary residence, second home, or investment property.
- 1099 Refinance Loans: Lower your interest rate or change loan terms.
- Cash-Out Refinance: Tap into your home equity without traditional income documentation.
- Investment Property Financing: Qualify using your self-employed income profile.
No matter your goals, there’s a 1099 loan program designed to help you achieve them.
1099 Mortgage Loan Requirements
To get started with a 1099 mortgage loan, you’ll typically need:
- 12 to 24 months of 1099 income documentation;
- Bank statements, P&L statements, or both;
- A credit score of 620+ (higher scores may receive better terms);
- A 10–20% down payment, depending on the loan type and lender.
Our team can help determine exactly what you need and guide you through the process.
Apply for a 1099 Home Loan
1099 Loan FAQs
Yes. Many lenders offer programs that use 1099s, bank statements, or profit and loss statements to verify income.
That’s common for self-employed individuals. Lenders will evaluate average income over time, typically 12–24 months.
It’s helpful but not always required. Some lenders accept self-prepared P&L statements, especially when supported by bank statements.
Rates may be slightly higher due to added risk, but we work to offer competitive options based on your financial profile.
Typically, 1099s, business bank statements, identification, and credit verification. We’ll provide a checklist during your application.
Apply for a 1099 Home Loan
Call us today at (713) 999-6151 to speak with our Home Loan Specialists about a 1099 mortgage loan.