Non-QM
1099-only program
Use 1099 income without a full two-year tax-return package when the work is contract-based.
- Contract income
- No traditional W-2 required
- Purchase or refinance
Who it is for
Independent contractors whose income arrives on 1099s rather than a salaried W-2.
1099-only programs are built for people who already document gross contract income. We still need a coherent story: how long you have done the work, and whether a simple expense haircut still supports the payment.
Questions
- Is this the same as bank statements?
- No. 1099-only uses the 1099 history. Bank statements use deposits. Some borrowers qualify for both; we pick the stronger file.
Related programs
- Bank statements
Qualify using personal or business deposits when tax returns understate cash flow.
- Stated income
Limited-income-documentation executions for borrowers who cannot produce a conventional paper trail.
Ready to structure a file that can actually close?
Tell us the purpose, the property, and how you document income. We will place the request with a program that fits — this is not a loan approval.