Income types

1099 income loans.

Independent contractors and 100% commission earners paid on a 1099.
Programs and matricesGuidelines PDF(opens in a new tab)Get pricing

8 cakes take 1099.

Every cake with a published matrix for this income type, largest loan first. Open one for its limits and matrix.

What the file needs.

The 12 or 24 month average of total 1099 income, less a 10% expense factor.

  • Two years of 1099 income, or one year after converting from W-2 in the same line of work
  • One or two years of 1099s or 1099 transcripts
  • The two most recent months of bank statements showing deposits consistent with the 1099s, or a WVOE with year-to-date pay
  • Year-to-date earnings within 10% of the prior year or higher

From the Non-QM guidelines, version 5.0, section 6.5. The guidelines and matrix govern every file.

Read the guidelines (PDF, opens in a new tab)

Check a scenario.

Enter your credit score, LTV or CLTV, and loan amount to find programs to review. Confirm your exact combination in the matrix.

Income or loan type

8 programs to review

These programs meet separate published ranges. Score, LTV and loan amount limits may not apply together. Check the matrix for your exact combination, purpose and property.

12 counting their Lite and Investor versions

  • Coffee Cake Lite620+ · 90% LTV · $4MOpen matrix PDF
  • Cup Cakealso Investor620+ · 80% LTV · $4MView matrices
  • Bundt Cakealso Investor620+ · 90% LTV · $3MView matrices
  • Pound Cake Lite640+ · 90% LTV · $3MOpen matrix PDF
  • Funnel Cakealso Lite660+ · 90% LTV · $3MView matrices
  • Sponge Cakealso Lite620+ · 85% LTV · $3MView matrices
  • Cheese Cake660+ · 85% LTV · $3MOpen matrix PDF
  • Velvet Cake660+ · 85% LTV · $3MOpen matrix PDF
Price it with an AE1099: every cake

Confirm eligibility with the matrix and guidelines before quoting or submitting a file.

Other ways to document income

Have one of these files?

Talk it through with an account executive at (833) 717-0401 before you submit, or apply to become a partner and submit in TPO Connect.

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