Bank Statement Loan
Self-employed borrowers qualify with bank statements
- No tax returns needed
- 12-24 month statements
- Self-employed friendly
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1099 Loans for Self-Employed Professionals
Home Financing Solutions for Independent Contractors
What is a 1099 loan?
A loan for 1099 workers is a mortgage option for independent contractors, freelancers, and other borrowers who receive 1099 income rather than traditional W-2 wages. Lenders may use 1099 forms and supporting records to evaluate income, with documentation requirements varying by program.
Guide answer
What is a 1099 loan?
A loan for 1099 workers is a mortgage option for independent contractors, freelancers, and other borrowers who receive 1099 income rather than traditional W-2 wages. Lenders may use 1099 forms and supporting records to evaluate income, with documentation requirements varying by program.
Reviewed by Sebastian Naranjo, Founder & Co-Owner, Licensed MLO, NMLS #2313958
Review standards
Reviewed lending guidance, not generic mortgage copy
Sebastian Naranjo reviews these guide surfaces for practical lending fit, borrower documentation, and program tradeoffs.
Licensed review
Loan guidance is reviewed by a licensed mortgage professional before it appears in the guide shell.
Program fit
Each page explains who the loan can fit, common tradeoffs, and when another program may be stronger.
California context
The guide keeps state lending context, local market differences, and borrower documentation in view.
We understand the unique challenges faced by self-employed professionals. If you're a 1099 worker, you've probably encountered roadblocks when applying for traditional mortgages. That's why we offer 1099 Loans to help independent contractors, freelancers, and other self-employed borrowers secure great home financing.
These types of loans makes home ownership a reality for those with unconventional income streams. Whether you're looking to buy a home, refinance, or invest, SRK CAPITAL has the home lending solution you need.
Who Qualifies for this Type of Loan?
These types of loans are best for:
Freelancers
Independent contractors
Real estate agents
Consultants
Gig economy workers
Small business owners
If you get income from a Form 1099 or similar non-traditional income sources, this is a loan to consider.
Benefits of a 1099 Loan
Competitive Loan Terms
We price 1099 loans across our wholesale lender partners and compare the terms side by side, so you see what each lender will actually offer on your file.
Higher Loan Amounts
This type of loan considers your overall earning potential, you can qualify for higher loan amounts than with traditional mortgages. This means you can afford the home you want without unnecessary hurdles.
Quick and Streamlined Process
We know your time is valuable. 1099 loans are quick to finish, so you can close on your home faster.
Emphasis on Support
Self-employed income takes more explaining than a W-2. We tell you up front which documents the lender will ask for, and we handle the back-and-forth with underwriting so you don’t have to.
How Does The Process Work?
Step 1: Loan Consultation
Start by scheduling a free loan consultation. We'll discuss your financial situation, goals, and loan options. We will go over the steps of the home loan process, so you'll know what to expect.
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Step 2: Collect Loan Documents & Finish an Online Loan Application
We review your income verification, like your Form 1099s, bank statements, and ID. You also finish an online loan application. Our team reviews everything to make sure you qualify.
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Step 3: Loan Pre-Approval
Once we verify your income and review your credit, we’ll pre-approve your loan. We check the file against the same underwriting requirements the lender uses, so there are far fewer surprises once you find a home.
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Step 4: Find A Home & Close Your Loan
Once you find a home and are under contract, leave the rest to us. You sign the paperwork, and you are done! Whether you're buying, refinancing, or investing, we'll help you close quickly and confidently.
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FAQs About 1099 Loans
Get answers to frequently asked questions about 1099 loans.
Why Choose a 1099 Loan?
Traditional mortgages often rely on W-2s and pay stubs to verify income. For 1099 workers, this can be problematic. Income for independent contractors can fluctuate, and tax deductions can lower your reported income.
That's where 1099 loans come in. These loans look beyond traditional requirements and focus on your real earning potential. This means lenders will base your loan approval on documents like bank statements, 1099 forms, or profit-and-loss statements.
1099 Forms
Use your 1099 forms as primary income verification
Bank Statements
Demonstrate earning potential through cash flow
P&L Statements
Show business profitability and income trends
A 1099 loan gives you the flexibility and support needed to navigate the home buying process on your terms.
Browse by City
1099 Loans in California
Orange County
34 cities
Aliso ViejoAnaheimBreaBuena ParkCosta MesaCypressDana PointFountain ValleyFullertonGarden GroveHuntington BeachIrvineLa HabraLa PalmaLaguna BeachLaguna HillsLaguna NiguelLaguna WoodsLake ForestLos AlamitosMission ViejoNewport BeachOrangePlacentiaRancho Santa MargaritaSan ClementeSan Juan CapistranoSanta AnaSeal BeachStantonTustinVilla ParkWestminsterYorba Linda
490 city guides across 58 California counties · All 58 counties statewide
Your Path to Home Ownership Starts Here
Don't let traditional mortgage requirements hold you back. With SRK CAPITAL's 1099 Loan Program, you can achieve your home ownership or investment goals without compromising on quality financing!
Schedule a free consultation with SRK CAPITAL and we’ll go over whether a 1099 loan fits your situation.
SRK CAPITAL – Offering Mortgage Solutions for Every Income Situation.
Why Choose Us?
Get the Lowest Rates
We price every loan across 160+ wholesale lenders and show you the options side by side
Work With a 5-Star Team
A clear process from application to closing, with 5-Star service from our team
Find the Perfect Loan for You
Discover flexible loan options to suit your financial goals
Ready to Begin?
Easy Steps to Acquire Our 1099 Loans
To get started, simply reach out to one of our team members today for a free personalized loan consultation. We will guide you through the mortgage process, from start to finish. And we are committed to finding the best loan program based on your financial goals.
Explore
Browse through our diverse range of mortgage products to find the ideal fit for your needs.
Apply
Apply online, then send us the documents on the list we give you. We handle the rest with the lender.
Consult
Consult with our experts to learn more about fixed rate loans and make informed decisions for your mortgage.
Calculate
Speak with our team to get a detailed monthly mortgage payment breakdown so you can plan your finances effectively.
Pre-Approval
Gain a competitive edge in the real estate market by getting pre-approved for your mortgage with SRK CAPITAL.
Financial Disclosure
The information provided on this page is for educational purposes only and does not constitute financial, legal, or tax advice. Mortgage rates and terms are subject to change and may vary based on your individual financial situation. Please consult with a licensed mortgage professional at SRK CAPITAL for personalized guidance.
Compare Programs
Explore Other Loan Options
Not sure if 1099 Loan is right for you? Compare with these alternatives.
P&L Statement Loan
Qualify using profit and loss statements for income
- No tax returns needed
- CPA-prepared P&L
- Self-employed friendly
More Types of Mortgages Options
Updated 9/8/2026
1099 Loans for Self-Employed | Independent Contractor Mortgages
1099 loans are mortgage options designed for self-employed borrowers, freelancers, and independent contractors whose income is reported via 1099 forms rather than W-2s. Lenders typically evaluate 1099 income using bank statements, tax returns, or 1099 forms over one to two years to assess qualification. These programs help self-employed professionals pursue home financing without traditional W-2 documentation, though approval depends on income consistency, credit profile, and overall financial factors.
- 1099 loans use alternative income documentation, such as 1099 forms, bank statements, or tax returns, to verify self-employed or contractor income.
- Lenders generally review one to two years of income history to evaluate consistency and qualification for these mortgage programs.
- Eligibility, terms, and approval depend on individual credit history, income documentation, and lender-specific underwriting guidelines.