Self-Employed
Can I use 1099 income to qualify?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Yes. You can qualify with 1099 income using two years of tax returns, or through a 1099 income loan that uses your gross 1099 earnings minus a flat expense factor — no full returns required.
This helps contractors whose deductions shrink their net income. We'll compare both methods and use the one that yields the higher qualifying income.
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