1099 Only Loans

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


Need a 1099 Only Loan?

Do you need to buy a home or refinance but can’t because you can’t prove your income?

Equinox Home Financing offers a 1099 only loan. This loan program is for individuals such as independent contractors, gig workers, or anyone that receives a 1099. Typically this borrower has a lot of tax deductions and therefore on paper, the net income on their tax returns is too low to qualify for a conventional loan program. We can get you qualified by using your 1099 forms to show proof of income. Don’t want to use your 1099 forms? We offer a No Income Verification loan program as well.

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How It Works

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Call or 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. 

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Get Approved

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

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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. 

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Why Equinox?

Here at Equinox Home Financing, we pride ourselves on providing solutions to self-employed home buyers and borrowers. If you can’t provide proof of income or you are like most other business owners who have an overage of tax deductions, we can help you! 

Yes, We are the 1099 Only Mortgage Experts.

Here at Equinox Home Financing, we’ve helped thousands of self-employed borrowers either buy a home or refinance their mortgage by using a 1099 only loan. Once we have reviewed your loan application, we will be highly certain that you do qualify. This is why our conversion ratio is so high. Don’t believe us? Call us today to find out.

Funded 1099 only Loans


Application to Closing Conversion

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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 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 what 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, condo’s 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

cali house

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


Read what our customers are raving about

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What Are You Waiting For?

Call us today. A licensed representative is on stand by to help you with your financing needs. There’s no need to wait any longer. Get financing now!