Airus Lending | NMLS #2187418 | Mortgage Broker | Equal Housing Opportunity
1099 Income

1099 Contractor Mortgage Solutions

Independent contractors and 1099 earners have real options — qualify using bank statements, 1099s, or P&L statements.

Overview

1099 contractors, freelancers, and gig workers earn good income but don't have traditional W-2 employment. Traditional lenders struggle with this. Non-QM lenders understand it. Bank statement programs, 1099-income programs, and P&L-based qualification give independent contractors a clear path to homeownership.

Common Challenges

Here's what often makes financing harder — and how we solve it.

No W-2 Employment

Traditional lenders want pay stubs and W-2s that 1099 workers don't have.

Variable Income

Contract-based income can fluctuate month to month.

Heavy Write-Offs

Business expenses reduce taxable income below actual earnings.

Qualification Tips

1

Keep personal and business accounts separate for cleaner documentation.

2

Maintain consistent deposit patterns — irregular large deposits require explanation.

3

Have 2+ years of 1099 income history documented.

4

Credit scores of 660+ open the widest range of program options.

How to Get Started

Your path to homeownership — simplified.

1

Consultation

We review your income sources and match you to the right documentation type.

2

Pre-Approval

Get qualified using bank statements or 1099 income — no W-2 needed.

3

Close

Streamlined process designed for non-traditional income.

Frequently Asked Questions

Some lenders offer "1099 income" programs that use your 1099 forms as the primary income source, applying an expense factor. Bank statement programs are also available as an alternative.

1099 Earner? You Have Options.

Get pre-approved without W-2s — your deposits tell the real story.

All loans are subject to borrower qualification, underwriting approval, and program guidelines.