Get the Best Mortgage for Self Employed & 1099 Borrowers
Get access to flexible loan options with 100+ lenders to compare, in-house underwriting, and one loan officer guiding you from pre-approval to closing.
Get a free rate quote425 people
Got a quote this week
Takes 2 minutes
No credit impact
- No tax returns or W2s required
- Shop 100+ Lenders
- In-house Underwriting
- 10-21 days Closing
- 1 day pre approval
Helping Self-employed and 1099 borrowers since 1996
Rated 5/5 from 240+ reviews
Rated 5/5 from 90+ reviews
Rated 5/5 from 45+ reviews
Loan Options for Self Employed Home Buyers
From business owners to freelancers and 1099 contractors, we offer self-employed borrowers more loan options and more flexible ways to qualify.
Which loan option is right for you?
Austin Capital Mortgage helps business owners, independent contractors, and 1099 earners shop over 100 lenders to find the right mortgage for their unique income structure.
Bank statement loan
Best for business owners with strong deposits but lower taxable income after write-offs.
Requirements:
- 12 to 24 months of personal or business bank statements
- Self-employment history, typically 2 years
1099 Income Home Loan
Best for self-employed borrowers, freelancers, and independent contractors paid through 1099 income.
Requirements:
- 1099 forms for 1 to 2 years
- Proof of year-to-date income
- Self-employment or contractor history, often around 2 years
Profit and Loss Home Loan
Best for: Self-employed borrowers and business owners whose tax returns do not fully reflect current income.
Requirements:
- 12 to 24 months of CPA-prepared profit and loss statements
- Self-employment history, often around 2 years
Asset Based Home Loans
Best for: high-net-worth borrowers, retirees, and investors who have strong reserves but complex or irregular income
Requirements:
- Asset statements showing liquid or near-liquid funds
- Documentation showing the assets are accessible / eligible for qualification
Delivering a Better Mortgage Experience for Self Employed & 1099 Home Buyers Since 1996
An excellent mortgage experience starts with better support, broader options, and fewer delays. See how Austin Capital Mortgage compares.
Other lenders/Banks
Other
Lenders shopped
100+
Limited to 1
Non QM Loans
Yes
Limited
Minimum credit score
550
640+
DTI Requirements
55%
43%
Fast-track Underwriting
Yes
No
Approval Rate
93%
Lower
Closing time
7-21 days
30 days
Dedicated Loan Officer
Yes
No
Availability
24/7
Limited
Average response time
<1hour
<1 day
375+ Reviews from
30 years of 5-star mortgage service
For over 30 years, we’ve built our reputation on excellent service and a mortgage experience that puts borrowers first.
Frequently asked questions
Can I qualify if I’m self‑employed?
Yes. Self-employed borrowers can qualify for a mortgage, but the right loan option depends on how income is documented and whether the borrower is a better fit for conventional or alternative-documentation programs.
What types of self-employed home loans are available?
Common options include bank statement loans, 1099 loans, profit and loss–based qualification, asset-based loans, and in some cases conventional financing if tax returns and business financials support it.
Can I qualify for a mortgage without W-2 income?
Yes. Many self-employed borrowers qualify without W-2 income by using other documentation such as bank statements, 1099s, profit and loss statements, or liquid assets, depending on the loan program.
How long do I need to be self-employed to qualify?
While two years is the industry standard, we can often qualify borrowers in less than a year of being newly self-employed. Every file is different, reach out and we’ll find the right program for you
What documents do self-employed borrowers usually require?
The document requirements for self-employed borrowers depend on the loan type, but common documents include 12–24 months of bank statements, 1099 forms when applicable, documentation of liquid assets, and possibly a profit and loss statement.
How do I know which self-employed loan option is right for me?
The best loan option depends on how your income is structured, how it is documented, your credit profile, your down payment, and whether your tax returns reflect your true earning power.
That is why self-employed borrowers are often better served by comparing multiple qualification paths rather than assuming one standard mortgage option will fit.
Start Your Pre Approval
No waiting for a call back. View instant, live, personalized options and rates tailored to your credit and goals.
425 people
Got a quote this week
Takes 2 minutes
No credit impact
