1099 VOE Loans
Mortgage Solutions for Independent Contractors
What is a 1099 VOE Loan?
A 1099 VOE Loan is a specialized mortgage program designed for independent contractors, gig economy workers, and self-employed professionals who receive 1099 income instead of W-2s. Unlike traditional loans that require tax returns and pay stubs, this loan program allows borrowers to qualify using their 1099 earnings and a verification of employment (VOE).
If you’re a
freelancer,
consultant,
rideshare driver,
real estate agent, or any
self-employed worker
receiving 1099 forms, this loan can help you secure financing without needing tax returns or traditional income documentation.
1099 VOE Loans vs. Traditional Loans
| Feature | 1099 VOE Loan | Traditional Loan |
|---|---|---|
| Income Verification |
1099 Forms + VOE |
Tax Returns, W-2s, Pay Stubs |
| Best For |
Self-Employed, Freelancers, Gig Workers |
W-2 Employees with Stable Pay |
| Max LTV |
85% |
97% (Conventional) |
| DTI |
Flexible |
Strict (Max 43%) |
| Property Types |
Primary, Second Home, Investment |
Primary, Second Home, Investment |
1099 VOE Loan Program Details
| Feature | 1099 VOE Loan |
|---|---|
| Loan Type |
1099 Income Verification Loan |
| Best For |
Self-Employed, Gig Workers, Commission Earners |
| Max LTV |
85% |
| Min FICO Score |
660 |
| Income Documentation |
1099 Forms + VOE (Verification of Employment) |
| Property Types |
Primary, Second Home, Investment |
| Interest-Only Option? |
Yes |
| Cash-Out Refinancing? |
Yes |
| Prepayment Penalty? |
Varies by Loan Type |
Benefits of a 1099 VOE Loan
✔ No Tax Returns or W-2s Required – Qualify using only 1099 income and a verification of employment.
✔ Higher Loan Amounts – Up to 85% loan-to-value (LTV).
✔ Flexible Qualification – Ideal for self-employed professionals with variable income.
✔ Cash-Out Refinance Available – Convert home equity into cash for investments or business growth.
✔ Works for Primary, Second Home, & Investment Properties.
Who Qualifies for a 1099 VOE Loan?
✔
Freelancers & Independent Contractors – Uber/Lyft drivers, consultants, designers, and more.
✔
Gig Economy Workers – App-based workers earning 1099 income.
✔
Real Estate Agents & Loan Officers – Commission-based professionals.
✔
Self-Employed Entrepreneurs – Business owners who receive 1099 forms instead of W-2s.
✔
Commission-Based Salespeople – Sales professionals with variable monthly income
Want to connect with a licensed
Non-QM Lender?
Have Questions? Contact us Today!
Need a Conventional Lender?
Check Out These Other Resources
Frequently Asked 1099 VOE Loan Questions-FAQ
How do I qualify for a 1099 VOE loan?
To qualify, you need at least 1-2 years of 1099 income, a verification of employment (VOE), and a minimum credit score of 660.
Do I need tax returns for a 1099 VOE loan?
No! 1099 VOE loans do not require tax returns—only your 1099 earnings and a verification of employment.
Can I use a 1099 VOE loan for an investment property?
Yes! This loan is available for primary residences, second homes, and investment properties.
What credit score do I need for a 1099 VOE loan?
Most programs require a minimum FICO score of 660, though higher scores may qualify for better rates.
Can I do a cash-out refinance with a 1099 VOE loan?
Yes! Borrowers can cash out home equity with a 1099 VOE loan, depending on LTV limits and credit qualifications.
Want to connect with a licensed
Non-QM Lender?
Have Questions? Contact us Today!
Need a Conventional Lender?
Check Out These Other Resources
Learn More About Your 1099 VOE Lending Options
At Non-QM Loans.com, we specialize in connecting you with the right non-QM loan products Specialist to meet your needs. Whether you're looking for a 1099 VOE Loan, DSCR Loan, Bank Statement Loan or a No Limit Jumbo Loan, we’re here to help you connect with the right expert for the loan you need.
