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One of the most frustrating conversations we have is with self-employed borrowers earning six figures who still struggle to qualify for a mortgage.
The issue usually isn't their 1099 income.
It's often because:
If you're earning 1099 income, don't assume a mortgage is out of reach just because one lender said no.
We've seen borrowers get approved after making a few simple adjustments and working with the right loan program.
Curious—what's the biggest misconception you've heard about getting a mortgage with 1099 income?
The issue usually isn't their 1099 income.
It's often because:
- Tax write-offs reduced their qualifying income
- They changed business structures recently
- Income wasn't documented properly
- They spoke with lenders who don't understand self-employed borrowers
If you're earning 1099 income, don't assume a mortgage is out of reach just because one lender said no.
We've seen borrowers get approved after making a few simple adjustments and working with the right loan program.
Curious—what's the biggest misconception you've heard about getting a mortgage with 1099 income?
