1099 Loans in Arizona: Qualify With Your 1099s — Skip the Tax Returns

Built for independent contractors who earn real money that their tax returns hide. Your 1099 forms ARE your income documentation. Arizona and nationwide.

See What You Qualify For
Or call/text Sal directly: (516) 250-1334 — any day, any time

The 1099 Problem Nobody Warns You About

You're an independent contractor. The money's real — your 1099s prove it. But when you apply for a traditional mortgage, the bank doesn't qualify you on your 1099s. They qualify you on your tax returns AFTER deductions — and like every smart contractor, you deduct: mileage, equipment, home office, supplies.

So the bank sees your net, not your gross. A realtor who earned $180K in commissions might show $85K after write-offs — and suddenly "doesn't qualify" for a normal house in their own market.

Here's what that bank didn't tell you: 1099 loan programs qualify you on the 1099 itself — the gross number, before your deductions eat it.

How 1099 Loans Work

Instead of tax returns, the lender uses your 1099 forms — typically 1 or 2 years of them — as the income documentation. Most programs apply a modest expense factor to the gross (often around 10%, far friendlier than what your Schedule C shows), and that becomes your qualifying income.

The difference is dramatic. Same borrower, same earnings:

• Tax-return qualifying income: the net after every deduction

• 1099 program qualifying income: roughly 90% of the gross

That gap is often the difference between a denial and the house you actually wanted.

What You Need to Qualify in Arizona

Typical 1099 loan requirements (lender-dependent — I shop it):

• 1099 forms: 1-2 years from the same line of work

• Time in the field: usually 2 years doing 1099 work (some flexibility with prior W2 history in the same industry)

• Down payment: commonly 10-20% depending on credit and profile

• Credit score: programs generally start in the 600s

• Year-to-date proof: bank statements or paystub-equivalents showing the income's still flowing

No tax returns. No Schedule C autopsy. No explaining your deductions to an underwriter.

Who 1099 Loans Are Built For

Real estate agents (yes — I close a lot of realtor home loans). Insurance agents. Sales reps. Consultants. Nurses on 1099 contracts. Truckers. Hair stylists. Delivery and rideshare pros. Anyone paid on a 1099 whose gross tells the real story.

The Realtor Special

A big chunk of my 1099 files are real estate agents — the people who help everyone ELSE buy homes and then get punished by underwriting for their own commission income and write-offs. If you're an agent who got told "come back with two more years of returns," call me first. There's almost always a program — 1099, bank statement, or a hybrid — that fits how you actually earn. My clients include top-producing agents who send me their buyers because I closed their own tricky file first.

Why Work With Me on a 1099 Loan

I'm Sal Bossio, mortgage broker with Barrett Financial Group (NMLS #1984347), based in Chandler, serving all of Arizona and licensed nationwide. 1099 and self-employed lending is my lane — I know which lenders take 1-year 1099s, which want 2, who's flexible on the expense factor, and who closes fast. One bank, one answer. Me? 200+ lenders and the file goes where it fits. Fast closings, my cell answered nights and weekends, 73+ five-star reviews.

1099 Loan FAQs

1099 loan vs. bank statement loan — which is better for me?
Depends on your deposit pattern and deductions. If your 1099 gross is strong, the 1099 program is cleaner. If your income spreads across many payers or entities, a bank statement loan may qualify you higher. I'll run both and show you.

Can I use a 1099 loan for an investment property?
Investor deals usually route better through a DSCR loan (no income docs at all). For your own home, 1099 programs shine.

I have W2 AND 1099 income — what then?
Mixed-income files are workable and common. The right structure depends on the amounts — bring me both and I'll build it.

Only one year of 1099 history?
Some lenders accept 1 year, especially with prior W2 history in the same field. Don't self-reject — ask.

What 1099 Clients Say

"My husband and I had plenty of income and very good credit, but since all income sources are 1099, it was very difficult to qualify for a conventional loan. Sal found the perfect loan for us and we closed in a very short time frame." — Amy W., five-star Google review

"We are self-employed and he worked hard to get us the best rates and conditions for our unique situation." — PhoxZee E., five-star Google review

Read all 73+ five-star reviews on Google

Paid on 1099s and tired of hearing no?

See What You Qualify For
Or call/text me directly: (516) 250-1334 — any day, any time.

Sal Bossio | Mortgage Broker | NMLS #1984347 | Barrett Financial Group, LLC | Chandler, AZ — serving Phoenix, the East Valley, and 1099 earners nationwide