1099 Only Loans

Loans made for Independent Contractors, Gig Workers, or anyone that receives a 1099. You can now buy or refinance.

Apply Now

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.

Boy learning to ride a bike

Program Highlights

Loan Amounts: Up to $3,500,000 (varies on loan to value)

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)

Property Types: Single family residence, condo, 1-4 units

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

Our licensed loan officers are ready to help answer any questions that you have. Taking an application over the phone could be as quick as 10 minutes.

Get Approved

We will review your loan application, your property will be appraised, underwritten, and approved.

Fund

Once all items have been satisfied and we are clear to close, loan docs will be drawn. You’ll sign loan docs and your loan will fund.

Apply Online

Our licensed loan officers are ready to help answer any questions that you have. Taking an application over the phone could be as quick as 10 minutes.

Get Approved

We will review your loan application, your property will be appraised, underwritten, and approved.

Fund

Once all items have been satisfied and we are clear to close, loan docs will be drawn. You’ll sign loan docs and your loan will 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.

Family hugging on couch

Why Choose a 1099 Only Loan?

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Real estate agents
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Mortgage professionals
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Insurance agents
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Consultants & freelancers
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Influencers & content creators
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Sales professionals earning commission
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Independent contractors with strong gross earnings
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.

At Equinox Home Financing, we've helped thousands of borrowers purchase and refinance homes using some of the industry's most innovative financing solutions. Put our knowledge and experience to work for you. Contact us today for a free quote and consultation.

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?
A 1099 only loan is for someone who is self-employed but can’t prove their income. It is for individuals such as independent contractors, gig workers, or freelancers who receive a 1099 form. Typically, this borrower has a lot of tax deductions and writes off a lot of expenses; therefore, on paper, the net income is too low to be used for a conventional loan program. Here at Equinox, we have the option to not use your income, and we verify that by using your 1099 forms instead. As long as a homeowner or buyer can demonstrate that they have enough money in the bank to continue making on-time payments, they are qualified for the loan program.
Is My Credit Score a Factor in Getting Approved?
When doing a 1099 only loan, we do look at your credit score. These programs are a lot more lenient than traditional loans are, so we can go as low as a 600 FICO score at times. Also, when doing a 1099 only loan, we are very easy on past short sales, foreclosures, or derogatory credit. If your financial situation makes sense today, we can lend you the money you need for a 1099 only purchase loan or a refinance loan.
What Kind of Loan Terms Do You Offer?
1099 only loans come in all types of loan terms. It’s a very flexible program that can help you get the payment that you need. 1099 only loans are available as a 5 Year Adjustable Rate Mortgage, which will get you the best interest rates. If you want a longer term, we have a 7 Year Adjustable Rate Mortgage available and a 30 Year Fixed Rate option available as well. Some borrowers prefer interest-only payments, which we can do as well, so that you can keep your monthly payments as low as possible.
How Do I Get Qualified?
The process is simple. When most people call us, they are usually skeptical about the program and if they can really qualify. Here at Equinox Home Financing, we have been providing these programs since they have been made available and have been able to help many self-employed business owners purchase or refinance their homes. First step is to call us, a professional will help consult with you and explain how our programs work in detail. There are many types of programs, and it’s best to speak with us so we can guide you in the right direction.
What Type of Properties Can I Finance?
It depends on the type of loan program you are qualified for. With a 1099 only loan program, we can offer this loan on an Owner Occupied, Second Home, or Investment property. We can lend on single-family residences, condos, and 1-4 unit properties.

Our Latest Funded Loans

Take a look at some of the loans we recently funded for our self-employed customers.
LA House

Los Angeles, California

Bank Statement Loan
10% Down Payment
$1,200,000 Loan Amount

Spanish Style house

Tampa, Florida

Bank Statement Loan
25% Down Payment
$475,000 Loan Amount

White house front exterior

Plano, Texas

2 Year 1099 Loan
15% Down Payment
$505,000 Loan Amount

5 Stars

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!