Loans for Self-Employed & 1099 Borrowers
Tax returns showing low income? We qualify you on what you actually earn — not just what you declare.
18+ lenders for self-employed profiles
Bank Statement Loan
12 or 24 months of deposits as qualifying income. No tax returns needed.
- 12 or 24-month personal or business statements
- Expense factor applied to deposits
- FICO from 620
- Up to 90% LTV available
- Primary, second home and investment
1099-Only Loan
For contractors and freelancers. Only 1099 forms required.
- 1–2 years of 1099 forms
- No full tax return required
- Conventional and Non-QM options
- FICO from 620
- Ideal for gig workers and consultants
P&L / CPA Letter
Profit & Loss statement prepared and signed by a CPA.
- 12 or 24-month P&L accepted
- No bank statements needed
- Non-QM programs available
- FICO from 640 typically
- Primary, second home and investment
Full Doc (Tax Returns)
Standard income using Schedule C, averaged over 2 years.
- 2-year average of net Schedule C income
- Add-backs: depreciation, depletion, mileage
- Conventional and FHA available
- FICO from 580 (FHA) / 620 (Conv)
- Business use of home deducted properly
General Requirements
- 2+ years self-employment history (or 1 year for some Non-QM)
- Active business (license, EIN, website, etc.)
- FICO 620+ for most programs
- Sufficient liquid reserves
- US person or ITIN accepted