Do 1099 loans require tax returns

Some programs do not require full tax returns the same way conventional loans do, but requirements vary by lender and scenario.

Do I need bank statements for a 1099 only program

Not always. Some 1099 programs are designed to qualify using 1099 forms, but underwriting documentation still applies.

Can I use this for a primary residence in Texas

Yes, many programs allow owner-occupied purchases, subject to guidelines.

What credit score is needed

Many 1099 programs start around 660 minimum FICO, but exact requirements depend on LTV, loan amount, and lender guidelines.

Send Liberty Home Mortgage the purchase price, down payment, city, and your credit score range. We will match you to the right option.

How much of my 1099 income can be used?

Eligible borrowers may qualify using up to 90% of their 1099 income, provided the 1099 is issued in the borrower’s personal name.

Do I need tax returns or bank statements?

This program does not require tax returns. Bank statements are not required to calculate income for this 1099-only loan structure, though standard asset documentation may apply.

What is the minimum credit score?

The minimum qualifying credit score is typically 660, subject to underwriting review.

Is YTD income documentation required?

If the loan closes in the first quarter of the year, year-to-date income documentation is not required.

How long must I be self-employed?

Borrowers must show at least a two-year self-employment history to qualify for this program.

Self-Employed 1099 Home Loans in Lewisville, TX

Liberty Home Mortgage helps self-employed borrowers in Lewisville (75056) and Denton County explore 1099 home loan options when standard tax returns do not show full cash flow due to business deductions (program dependent). These Non-QM programs may allow qualifying using alternative documentation, such as 1099s and related supporting documents, depending on the lender.

Proudly serving Lewisville (75056), Denton County, and borrowers across Texas.

✅ Apply Now • 📞 Phone & Text: 713-955-4685 • ✉️ info@libertyhomemortgage.com

What a 1099 Home Loan Is

A 1099 home loan is a mortgage option that may allow income review using 1099 forms and other supporting documentation, instead of traditional W-2 paystubs and full tax returns (program dependent). Guidelines vary by lender, and underwriting will review the overall strength of the file, including credit, assets, reserves, and the property details.

Program guidelines vary by lender. All loans are subject to underwriting approval.

Common Program Highlights

Exact terms vary by lender and scenario. Many 1099 programs may include (program dependent):

Qualification using 1099 income and supporting documentation rather than standard W-2 income
Options for purchase and refinance depending on lender rules
Income calculation methods that vary by lender (for example, averaging periods or percentage factors may apply)
Credit score, down payment, reserves, and property requirements that vary by lender
Primary residence, second home, or investment eligibility varies by program

Who This Loan May Be For

Independent contractors, gig workers, and commission-based professionals paid by 1099
Self-employed borrowers with strong cash flow but higher tax deductions
Borrowers who want an alternative to full tax-return underwriting (program dependent)

What Is Usually Required

We start with a simple review, then request what the lender needs. Common requirements may include (program dependent):

Recent 1099s (often one to two years, depending on program)
Supporting documents to confirm income consistency (varies by lender)
Bank statements to support income deposits (in some scenarios)
Standard credit, asset, and reserve documentation
Property details (purchase contract or existing mortgage snapshot)

Here are related loan programs you can compare (eligibility and program rules apply):

Related Programs

If you’re self-employed, compare these options based on your income documents and goals:

Frequently Asked Questions

Do I have to provide full tax returns for a 1099 loan?

Some 1099 programs may not require full tax returns, but requirements vary by lender and scenario (program dependent).

How do lenders calculate income from 1099s?

Each lender can have its own method, such as averaging periods or applying a factor based on documentation. Underwriting determines the final qualifying income (program dependent).

Can I use this for a purchase in Lewisville?

Often yes, depending on the program, property type, and your eligibility. We confirm the best fit based on your full file (program dependent).

What if my 1099 income went down last year?

Some lenders require consistency and may average periods differently. We review your income trend and match the right program (program dependent).

Is a 1099 loan the same as a bank statement loan?

No. Bank statement loans often focus on deposit history, while 1099 loans focus on 1099 forms plus supporting documents. Best fit depends on your income pattern (program dependent).

Equal Housing Lender 🏠⚖️
Company NMLS: 321164 • Aslam Mansoor NMLS: 184238
Liberty Home Mortgage • 4400 State Hwy 121 STE 300 • Lewisville, TX 75056

All loans are subject to underwriting approval and credit review. Some restrictions may apply. Programs, rates, and terms are subject to change without notice.