Buy or refinance using your 1099 earnings, not a full tax return package.
Coltrain Mortgage offers 1099 loans built for commission-based and contract workers - real estate agents, insurance and financial sales reps, rideshare and delivery drivers, and consultants - qualifying off your 1099 earnings statements instead of W-2s.
- No W-2 Needed
- 12 or 24-Month Options
- Commission & Contract Income
- Purchase & Refinance
Let's See What You Qualify For
A local loan officer replies directly - usually within one business day.
Thanks - you're all set.
A Coltrain loan officer will personally reach out shortly. Have a question right now? Call (631) 851-4420.
What makes our 1099 loan different
No full tax return package
Qualify off your 1099 earnings statements directly, instead of a full tax return with every deduction and schedule.
12 or 24-month options
Choose the earnings window that shows your income in the best light, depending on how long you've been 1099.
Built for commission & contract work
Real estate agents, insurance and financial sales reps, rideshare and delivery drivers, consultants, and contractors.
Purchase & refinance
Use 1099 qualification to buy your next home or refinance the one you're in, including cash-out.
Not sure if a 1099 loan is the right fit for your income?
A 1099 option for your actual situation
Real Estate Agents
Qualify off your commission income, even with the natural ups and downs of a sales-based year.
Insurance & Financial Reps
Commission and bonus-heavy income structures, qualified off what you actually earned.
Rideshare & Delivery Drivers
1099 earnings from driving and delivery platforms count as real, qualifying income.
Consultants & Contractors
Independent contractor income, qualified without needing a full tax return package.
Purchase
Buy your next home using 1099 income, with the same wholesale rate access as our other purchase loans.
Refinance
Refinance your current mortgage, including cash-out, using your 1099 earnings.
From application to closing
Tell us your situation
Purchase or refinance, 12 or 24 months of 1099s - we match you to the right program.
We review your 1099s
We calculate your qualifying income from your actual 1099 earnings statements.
Streamlined underwriting
No full tax return package required for this program - just the 1099s themselves.
Close on your loan
Buy your next home or complete your refinance with wholesale-priced rates and local guidance throughout.
Commission income is still real income.
Traditional underwriting can struggle with commission-based and contract income, especially when it fluctuates month to month. A 1099 loan looks at your actual 1099 earnings statements instead of a full tax return package, so the deductions that help your tax bill don't work against your approval.
1099 loan questions, answered
What is a 1099 loan?+
A 1099 loan lets borrowers who are paid via 1099 - commission-based salespeople, real estate agents, insurance agents, independent contractors, and gig workers - qualify using their 1099 earnings statements instead of W-2s or a full tax return package.
How many years of 1099s do I need?+
Most 1099 loan programs look at 12-24 months of 1099 earnings to calculate qualifying income.
Will my business write-offs hurt my qualifying income?+
A 1099 loan is built specifically to avoid that problem - it's designed around your 1099 earnings rather than the taxable income left over after deductions on a full tax return.
Who is a 1099 loan a good fit for?+
Real estate agents, insurance and financial sales reps, rideshare and delivery drivers, consultants, and anyone else paid on commission or as an independent contractor rather than as a W-2 employee.
More Non-QM options and related programs
Ready to buy or refinance using your 1099 income?
No pressure, no obligation - just a clear answer from a local loan officer.