Prove your income with 1099s or a P&L — not tax returns.
If you’re self-employed, paid on 1099, or running your own business, your tax returns rarely tell the whole story. A 1099 or P&L income loan lets you qualify on the income you actually earn — documented with your 1099 forms or a profit-and-loss statement — instead of the net figure left after write-offs.
1099 & P&L income loans terms at a glance
90%
maximum LTV (1099)
$4M
maximum loan amount
12–24 mo
1099s or P&L
No tax returns
W-2s not required
Low-600s
minimum credit score
~80–85%
maximum LTV (P&L)
All figures shown are maximums, with exceptions considered case-by-case. Final terms are quoted per deal and depend on your credit, the property, and the program that fits your file.
A mortgage that reads your real income
Write-offs are smart tax strategy, but they can sink a traditional mortgage application by shrinking the income a lender sees. With a 1099 or P&L loan, Abo Capital qualifies you on gross 1099 earnings or the bottom line of a profit-and-loss statement — the numbers that reflect how your business actually performs.
Who it’s for
These programs fit independent contractors and 1099 earners, commission and gig-economy workers, freelancers and consultants, and business owners who’d rather not hand over two years of complex returns. If you’ve been turned down because your taxable income looked low, this is often the path that works.
What a 1099 or P&L loan can do
- Borrow up to $4,000,000 on a single property
- Finance up to 90% of value with 1099 income (typically up to 80–85% with a P&L)
- Qualify with credit scores starting in the low-600s
- Document income with 12 or 24 months of 1099s, or a CPA- or borrower-prepared profit-and-loss statement
- Buy, rate-and-term refinance, or take cash out of a primary home, second home, or 1–4 unit property
- Skip tax returns, W-2s, and full income documentation entirely
Every figure above is a program maximum, not a guarantee — your actual terms depend on credit, the property, and the income your documents support. We’ll quote real numbers once we see your file.
How it works
- Tell us how you’re paid — 1099, business profit, or a mix.
- Send 12 or 24 months of 1099 forms, or a profit-and-loss statement for the same period.
- We calculate qualifying income directly from those documents — no tax returns required.
- We match your file to the program with the strongest terms you qualify for.
- You get a clear, written approval and close on your timeline.
Not sure which program fits? If most of your income flows through business or personal deposits, a bank statement loan may stretch further. Buying or refinancing a rental? Look at DSCR loans. These all sit under our non-QM lending options for self-employed and investor borrowers.
Frequently asked questions
Can I get a mortgage with 1099 income?
Yes. A 1099 income loan lets independent contractors and gig workers qualify using 12 or 24 months of 1099 forms instead of tax returns or W-2s. Qualifying income is calculated directly from your documented 1099 earnings.
What is a P&L loan?
A P&L loan qualifies self-employed borrowers from a profit-and-loss statement — prepared by a CPA, a tax preparer, or the borrower — covering 12 or 24 months. It’s built for business owners whose tax returns understate real cash flow after write-offs.
Can I get a mortgage without W-2s or tax returns?
You can. These programs are designed for borrowers who don’t have W-2s or whose returns don’t reflect their true income. You document earnings with 1099s or a P&L instead, so no tax returns or W-2s are required.
How much can I borrow with a 1099 or P&L loan?
Loan amounts run up to $4,000,000, with financing up to 90% of value for 1099 income and typically up to 80–85% with a profit-and-loss statement. Your maximum depends on credit, the property, and the income your documents support.
What credit score do I need for a 1099 mortgage?
Programs are available with credit scores starting in the low-600s. Higher scores unlock higher loan-to-value limits and stronger terms, but a low-600s score can still qualify.
Self-employed income shouldn’t cost you a home loan. Send us your 1099s or P&L and we’ll show you what you qualify for.