If you earn income as a freelancer, consultant, or independent contractor, qualifying for a traditional mortgage can be tough. Our 1099 mortgage loans make it possible to buy a home using your self-employment income — no W-2s required. Everyday Lending Group helps you navigate alternative financing with flexible approval guidelines, competitive rates, and personalized support tailored to your financial path.
If you’re a freelancer or independent contractor, a 1099 mortgage lets you qualify based on your actual income — not a traditional W-2. Everyday Lending Group makes homeownership more accessible for self-employed borrowers with flexible documentation, allowing you to use 1099 forms and tax records to verify income. This is a smart solution if you run your own business or earn through contract work.
Traditional mortgage rules don’t always fit modern workers. With a 1099 mortgage loan, you can get approved using your documented 1099 earnings from freelance, consulting, or gig jobs. Everyday Lending Group helps you avoid the roadblocks of conventional loan requirements and supports you with expert guidance, competitive rates, and a smoother path to homeownership for non-traditional earners.
Whether you’re a content creator, rideshare driver, or independent consultant, 1099 mortgage loans are designed for income that doesn’t come with a pay stub. Everyday Lending Group understands the unique needs of today’s self-employed workforce and offers mortgage solutions that consider your full financial picture — including profit and loss statements, 1099s, and business income history.
Forget jumping through hoops to prove your income. If you’ve been self-employed for at least two years and receive 1099s, you may qualify for a mortgage without W-2s or pay stubs. We offer flexible terms, low down payment options, and competitive interest rates to help you qualify based on the income you actually earn — not what’s left after deductions.
A 1099 mortgage is perfect for self-employed professionals with solid earnings but complex tax returns. Everyday Lending Group simplifies the approval process with less focus on net income and more attention to real financial capacity. You’ll get the chance to buy or refinance without being penalized for writing off business expenses or lacking W-2 documentation.
Getting a mortgage when you’re self-employed doesn’t have to be difficult. With a 1099 loan, you can qualify using your gross income from contract work or freelance gigs. Everyday Lending Group guides you through the process with transparency, helping you gather the right documents and get approved faster. It’s time to stop renting and start building equity — on your terms.
Traditional mortgages aren’t built for freelancers, gig workers, or independent contractors — but 1099 loans are. Instead of relying on W-2s and pay stubs, these loans use your actual 1099 income to determine eligibility. That means fewer roadblocks, more flexibility, and a faster path to approval. If you’re self-employed and ready to buy or refinance, a 1099 loan could be your best option to secure home financing without compromising your financial reality.
Have questions about how 1099 mortgage loans work? We’ve got answers. From interest rates to down payment requirements and loan alternatives, these FAQs are here to help you understand your options and move forward with confidence as a self-employed borrower.
Interest rates for 1099 mortgage loans typically run higher than conventional or government-backed loans due to the added risk of self-employed income. Your actual rate depends on factors like credit score, debt-to-income (DTI) ratio, down payment amount, and market conditions. Stronger financials and a higher down payment can help you secure a more competitive rate.
The minimum down payment usually starts at 10% for qualified borrowers. However, if your credit score is lower or your financial profile has more risk, lenders may require a down payment of up to 30%. Putting more money down can improve your approval odds and result in lower monthly payments and better rates.
If you’re self-employed and earn income through 1099 forms — and have been denied or limited by traditional mortgage requirements — a 1099 mortgage is likely a strong fit. It’s designed for freelancers, contractors, gig workers, and entrepreneurs who need alternative documentation to qualify. Getting pre-approved is the best way to confirm your eligibility.
Yes. In addition to 1099 mortgage loans, self-employed borrowers may also qualify for Bank Statement Loans, DSCR loans (for real estate investors), FHA loans (with lower credit score requirements), VA loans (for eligible veterans), and Asset-Based Loans. Everyday Lending Group can help you explore which option fits your situation best.
Most lenders require at least two years of consistent 1099 income to qualify for a mortgage. However, if you’ve been self-employed for one year but have prior experience in the same industry, some lenders may consider your application with strong supporting documentation.
Yes. If you have multiple income streams from different clients or contracts, you can submit all relevant 1099 forms to show your total income. Lenders will review your combined earnings to assess income stability and loan eligibility.
Yes, most 1099 mortgage programs require at least one to two years of tax returns to verify income and assess financial health. Some lenders may also ask for profit-and-loss (P&L) statements or additional documentation to support your application.
A minimum credit score of 620 is typically required, but higher scores will give you access to better rates and lower down payment requirements. If your score is below 620, a larger down payment or alternative loan type may be needed.
Yes, 1099 loans can be used for primary residences, second homes, or investment properties. However, loan terms and requirements may vary depending on the property type and your overall financial profile.
Prepare your most recent 1099 forms, two years of tax returns, P&L statements, bank statements, and a list of assets and liabilities. Having these documents ready will help speed up the approval process and improve your chances of success.
Everyday Lending Group offers personalized mortgage solutions, fast and accurate quotes, competitive rates, and exceptional service delivered with integrity.
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