1099 Mortgage Loans are built for independent contractors, freelancers, and gig workers who earn income outside of W-2 employment. Instead of tax returns, approval is based on verified 1099 income history. Mike Wright, experienced mortgage broker in Huntington Beach, guides self employed borrowers across California with clear numbers and steady communication. Licensed in AZ, CA, FL, ID, TN, and WY.
1099 Mortgage Loans let contractors, gig workers, and freelancers qualify using their true income instead of tax returns that may not reflect take-home pay. Mike Wright reviews your 1099s, confirms lender guidelines, and builds a file that shows stability, so you can buy or refinance with confidence.
Approval is based on your most recent 1099 income statements, often supported by bank deposits, rather than complex tax returns. This helps keep the process straightforward. Mike Wright provides a checklist, reviews each document, and ensures the submission is clean for smooth underwriting.
These loans can be used for purchases or refinancing, with fixed and adjustable terms available. Mike Wright compares scenarios, explains payment options, and shows how terms affect monthly cost and long term interest, so you can choose the structure that works best.
As a mortgage broker, Mike Wright works with multiple lenders that offer 1099 programs. This creates more options, competitive pricing, and a higher chance of approval. With lender choice, you are not locked into one set of rules.
1099 loans are not just for primary homes. Some programs also cover second homes or investment properties, depending on your file. Mike Wright confirms eligibility and shows how to structure financing for growth while managing reserves and risk.
From pre approval through appraisal and signing, Mike Wright keeps each step organized. You will see expected payment, cash to close, and a timeline in advance. With steady updates and clear explanations, the process feels calm and predictable.
Independent income deserves flexible solutions. Mike Wright, trusted mortgage broker at The Wright Loans in Huntington Beach, helps 1099 earners qualify without the roadblocks of traditional tax-return requirements. Licensed in AZ, CA, FL, ID, TN, and WY, he compares lenders, clarifies terms, and manages each detail so you can secure financing that matches the way you work.
If you work as a contractor, freelancer, or gig worker, 1099 Mortgage Loans can help you qualify without the roadblocks of traditional tax returns. These FAQs explain what documents you need, how income is calculated, and why working with a mortgage broker like Mike Wright makes the process smooth and straightforward.
It is a loan designed for independent contractors and gig workers who receive 1099 forms instead of W-2s. Approval is based on 1099 income history rather than traditional tax returns.
Independent contractors, freelancers, gig workers, and commission-based professionals who can provide recent 1099 income documentation are typical candidates. Mike Wright reviews eligibility and confirms lender guidelines for your situation.
You will usually provide your most recent one or two years of 1099 forms and supporting bank deposits. In some cases, additional proof of income stability may be requested.
Lenders typically average your recent 1099 earnings to determine qualifying income. Some may consider the most recent year if income has increased. Mike Wright explains the method used and provides clear estimates.
Yes, many programs allow second homes or investment properties, though requirements may vary. Mike Wright checks program rules and shows how to structure your loan for growth.
Rates may be slightly higher due to flexible underwriting, but lender choice helps keep pricing competitive. Mike Wright compares options and shows payment scenarios so you can decide with clarity.
No, but stronger credit can improve approval and pricing. Mike Wright reviews your profile, suggests improvements when possible, and presents your file in the best light to the lender.
With access to multiple lenders, local knowledge in Huntington Beach, and licenses across several states, Mike Wright provides clear guidance and multiple options. You get flexible financing, organized communication, and a mortgage that fits your independent income.
