1099 Only Loans
Loans made for Independent Contractors, Gig Workers, or anyone that receives a 1099. You can now buy or refinance.
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1099 Only Loan: Program Highlights & Borrower Benefits
Our 1099 Only Loan is built for independent contractors and commission-based earners who receive 1099 income instead of W-2 wages.
Instead of reviewing tax returns and net income after write-offs, we qualify you using your gross 1099 earnings — typically averaged over one or two years.
This is for high performers who don’t fit traditional underwriting boxes.
Program Highlights
Tax Returns: Never required
Min Credit Score: 680+ (+720 preferred for better terms)
Income Calculation: Based on gross 1099 earnings (expense factor may apply)
Down Payment: Starting at 15% (varies by credit profile)
Property Types: Single-family residence, condo, 1-4 units
Income Documentation: 1 or 2 years of 1099 forms
Occupancy: Owner-occupied, second home, and non-owner-occupied available
Reserves: Typically 3–12 months depending on loan size
No W-2 required.
No traditional DTI based on tax returns.
No penalizing you for legitimate business expenses.
You get qualified based on what you actually earn.
Program Highlights
Loan Amounts: Up to $3,500,000 (varies on loan to value)
Min Credit Score: 660+ (+720 preferred for better terms)
Down Payment: Starting at 15% (varies by credit profile)
Income Documentation: 1 or 2 years of 1099 forms
Tax Returns: Never required
Income Calculation: Based on gross 1099 earnings (expense factor may apply)
Occupancy: Owner-occupied, second home, and non-owner occupied available
Reserves: 3–12 months depending on loan size
No W-2 required.
No traditional DTI based on tax returns.
No penalizing you for legitimate business expenses.
You get qualified based on what you actually earn.
How It Works
Apply Online
Get Approved
Fund
Apply Online
Get Approved
Fund
Equinox Makes Financing Easy for Commission & Contract Earners
At Equinox, we specialize in helping borrowers who earn variable or commission-based income.
We understand:
- Fluctuating income
- Seasonal production
- Large write-offs
- Multiple 1099s
- Rapid income growth
Our advisors structure your file before submission to avoid underwriting surprises.
Speed matters. Clarity matters. Strategy matters.
Why Choose a 1099 Only Loan?
If your accountant helped you minimize taxable income, but now you ‘don’t qualify’ — you need to look into this.
Your production should qualify you.
Not your deductions.
We are the Alternative Mortgage Financing Experts.
Funded Home Loans
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Application to Closing Conversion
Funded Home Loans
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Answers to Your Questions
What is a 1099 Only Loan?
Is My Credit Score a Factor in Getting Approved?
What Kind of Loan Terms Do You Offer?
How Do I Get Qualified?
What Type of Properties Can I Finance?
Our Latest Funded Loans
Los Angeles, California
Bank Statement Loan
10% Down Payment
$1,200,000 Loan Amount
Tampa, Florida
Bank Statement Loan
25% Down Payment
$475,000 Loan Amount
Plano, Texas
2 Year 1099 Loan
15% Down Payment
$505,000 Loan Amount
Check out our Hundreds of 5 Star Reviews
What Are You Waiting For?
Call us today. A licensed representative is on standby to help you with your financing needs. There's no need to wait any longer.
Get financing now!


