Educational guide · Non-QM Program
What are 1099 loans?
If you work as an independent contractor and receive 1099 forms (instead of W-2), you can qualify for a mortgage using those 1099s as income proof — without complicated tax returns.
Educational information only. Icon Mortgage is not yet licensed in California. No loan products are being offered.
How it works
The lender uses 1 or 2 years of your 1099s to calculate gross income, applies a standard expense factor for your profession, and calculates qualifying income. Much simpler than parsing your Schedule C.
Who it fits
- Real estate agents
- Uber / Lyft / DoorDash drivers
- Travel nurses
- Consultants and freelancers
- Commission sales
- 1099 construction workers