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1099 Mortgage

Traditional loan programs such as Conventional, FHA, VA, Jumbo, and USDA can present hurdles for self-employed individuals or those earning income through 1099 contracts. These programs typically base eligibility on reported taxable income, which often underrepresents the true earning capacity of independent professionals. For borrowers with non-traditional income streams, 1099 mortgage solutions offer a more flexible path to homeownership.

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1099 Mortgage Information

If you're self-employed, a traditional mortgage may not reflect the reality of your income. That’s where a 1099 Mortgage comes in. Designed specifically for freelancers, independent contractors, entrepreneurs, and small business owners, this loan option allows you to qualify based on your 1099 income— without needing W-2s or extensive tax returns. With just 1–2 years of 1099 documentation, you can access competitive home financing that respects the way you earn.

Absolutely. Self-employed borrowers can and do qualify for mortgages—it just requires a slightly different approach. The first step? Prequalification. With some basic details—like your 1099 income, debts, and assets—you can quickly get an estimate of how much home you can afford. Whether you start the process online or speak with a loan expert, we're here to make it smooth and simple.

  • Low Down Payments: As little as 10% down
  • Flexible Income Calculations: Designed for variable income streams
  • Credit Score Options: Accepts scores starting at 620
  • Tailored Reserve Requirements: Based on your loan size, credit score, and loan-to-value (LTV) ratio

Loan Amount | Minimum FICO | Max LTV | Reserve Requirement

  • Up to $1.5M – 680+ – 90% – 6 months PITIA
  • $1.5M–$3M – 660+ – 75% – 12 months PITIA
  • $100k–$1.5M – 700+ – 85% – 3 months PITIA
  • $100k–$1.5M – 660+ – 80% – 3 months PITIA
  • $100k–$1.5M – 620+ – 75% – 3 months PITIA

• Gift Funds: Allowed from family, as long as you contribute at least 5% of the purchase price and required reserves.
• Interested Party Contributions (IPCs): Up to 6% (2% for investment properties) can be covered by sellers, agents, or builders.
• Occupancy Flexibility: Primary residences, second homes, and investment properties are all eligible.
• Property Types: Single-family homes, townhomes, villas, 2–4 unit properties, and both warrantable and non-warrantable condos.

For self-employed borrowers, a 1099 Mortgage opens doors that traditional lending often keeps closed. It offers flexibility without sacrificing quality, making it easier to secure the home you want—on your terms.

At Bravo Mortgage, we’re here to guide you every step of the way. Let’s turn your hard-earned income into a foundation for homeownership.

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We understand that every dream is unique and personal. If you're ready to take the next step or simply have questions.