1099 Only

A 1099-only mortgage is a Non-QM loan that qualifies borrowers using their 1099 forms instead of full tax returns.

Independent contractors, real estate agents, gig workers, consultants and other borrowers paid on 1099s, typically with a history of 1099 income in the same line of work, subject to guidelines.

Usually from one or two years of 1099s, often with an expense factor applied. The exact method varies by program.

Generally, no. 1099 programs typically don't require full personal tax returns, though lenders still review credit, assets and reserves.

A bank statement loan may be a better fit. It qualifies you using deposits on your bank statements.

Yes. Licensed brokers can submit 1099 and other Non-QM files through TAG's wholesale channel in the states where TAG is licensed as a lender.

Often yes. Florida contractors, real estate agents, consultants and gig workers can qualify using 1099 forms instead of full tax returns, through select investor programs. TAG Lending Group is a licensed mortgage lender in Florida (NMLS #2329372) and reviews the 1099 history and line of work before submission.

Yes. Real estate agents paid on 1099 are a common fit. 1099 programs are available for primary residences, second homes and investment properties, by program. If 1099s don't fit, bank statement and P&L options are also available.

TAG's 1099 program offers up to 90% LTV, a 620 minimum FICO and loan amounts up to $8M. Final terms depend on the investor, occupancy, loan size and underwriting review.

Programs typically look for a history of self-employment in the same line of work, commonly two years, with 1099 income documented for one or two years. Guidelines vary by investor.

Yes. Many 1099 programs allow second homes and investment properties as well as primary residences, subject to program rules. Investors can also review DSCR options that qualify on property cash flow.

1099 loans use 1099 forms as the income source. Bank statement loans use deposits, and P&L loans use a business profit and loss statement. The best fit depends on how your income is paid and documented.

Rates and terms are not quoted on this page. A licensed loan officer can review your scenario. All loans are subject to credit approval, underwriting and program guidelines, and no approval or closing date is guaranteed.