Talk To - call (302) 391-7052
Talk To The John Thomas Team - call 302-703-0727
1099 Income Mortgage Loan Program in Pennsylvania
Qualify for a Home Loan Using Your 1099s — No Tax Returns Required
If you’re an independent contractor, freelancer, or gig worker, you probably receive IRS Form 1099 instead of a W-2. Unfortunately, many lenders make it hard for 1099 earners to qualify — especially if your tax returns show a lot of deductions.
That’s where our 1099 Income Mortgage Program comes in. This option allows self-employed borrowers in Maryland to qualify using just their 1099s — no tax returns or full income documentation required.
Who Is This Program For?
Independent contractors, freelancers, and consultants
Commission-based workers paid via 1099
Gig economy earners (Uber, Lyft, DoorDash, etc.)
Borrowers with strong income but low taxable income
Program Highlights
No tax returns required
Qualify using 1 or 2 years of 1099s
Loan amounts up to $3 million
Can be used for primary homes, second homes, or investment properties
Purchase or refinance options available
Typically requires 10%–20% down depending on credit
It might be easier to get pre-approved for a mortgage than you ever imagined. We believe in making it as easy as possible for everyone to purchase their own home. Click here now to get started, it only takes a few minutes online.
Documentation Needed
Most recent 1099s (1 or 2 years depending on lender)
Proof of ongoing self-employment (business license, contracts, etc.)
Bank statements to show consistent deposits
Credit report and valid ID
CWe’ll help you determine if this is your best path — or if another self-employed loan program might be a better fit.
Compare to Other Self-Employed Loan Options
[Bank Statement Loan] – Use 12 or 24 months of business or personal deposits to qualify
[1099 Income Loan] – Qualify using your 1099s instead of tax returns
[Profit & Loss (P&L) Only Loan] – Verify income with a CPA-prepared P&L statement
[Asset Qualifier Loan] – Use retirement, investment, or savings assets to qualify
[Main Loan Program Page] – Compare FHA, Conventional, VA, and USDA options
Want to See if You Qualify?
If you're receiving 1099s and want to avoid the hassle of full tax documentation, we’ll help you find the best financing option for your situation.
Start your application or request a free consultation below.
- NMLS#
John Thomas
Loan Officer - NMLS# 3094
Get a personalized and successful home loan approval experience
See how much you qualify for in 60 seconds or less.
PRMI NMLS 3094. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. The content in this website has not been approved, reviewed, sponsored or endorsed by any department or government agency.
