Short answer
Qualify on your 1099s — no tax returns needed.
Lenders use gross 1099 income minus a standard expense factor to calculate qualifying income. Great for contractors, real estate agents, and consultants.
How it works
Lenders use gross 1099 income minus a standard expense factor to calculate qualifying income. Great for contractors, real estate agents, and consultants.
Key takeaways
- No returns, no P&L required.
Frequently asked questions
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Related mortgage option
Ready to apply this to a real loan? Review how Self-Employed Programs work in Florida, or estimate your monthly payment before you talk to an advisor.
Sources
Program rules change and individual lender overlays apply. Verify specifics with the agency or with a licensed NexGen Capital advisor before relying on them.
Reviewed by NexGen Capital Corp
Written and reviewed by the licensed mortgage team at NexGen Capital Corp, a Florida mortgage brokerage (NMLS #1766649). Verify our license on NMLS Consumer Access.
Last reviewed: 2026
This article is educational and is not a commitment to lend or an offer of credit. Speak with a licensed NexGen advisor about your own situation.