California Loan Options
California Alternative Document 1099 Tax Form Loan
At Pacific Home Loans, we understand that not all borrowers fit into traditional income verification methods. That’s why we offer 1099 tax form loans—a flexible mortgage solution designed specifically for self-employed professionals and independent contractors in California.
This program allows 1099 earners to qualify using their tax forms instead of traditional W-2s or pay stubs, simplifying the mortgage process while providing a reliable way to demonstrate financial stability.
Whether you’re purchasing a primary home, second home, or investment property, our goal is to help diverse borrowers achieve homeownership with personalized and accessible financing solutions.
Discover the flexibility of a 1099 tax form loan today—contact Pacific Home Loans to get started!
Program Highlights of the 1099 Loan:
No Tax Returns Needed to Qualify.
Perfect for the self-employed borrower on a 1099 who cannot qualify for a full doc (traditional) mortgage loan. The most recent 1099 statements from 1 or 2 years ago will be used to qualify.
Program Highlights:
- Primary Residence, Second Home, or Investment property
- Qualify with most recent 1-2 years’ 1099 form with a YTD earning or bank statement
- 700 FICO = minimum 10% down
- Maximum loan amount: $3,000,000
- Requirement: applicant must be self-employed on a 1099 for last 2 years consecutively with the same company
- Available for purchases, cash-out refinances, and no cash-out refinances
Eligible Property Types:
- Single Family Homes
- Condominiums
- Condotels
- Site Condos (California PUD properties)
- Airbnb, VRBO, etc.
Loan Terms:
- 5/1 ARM – interest only available
- 7/1 ARM
- 10/1 ARM
- 15-year Fixed
- 30-year Fixed
*These products may have a higher interest rate, more points or more fees than other products requiring documentation.
Information and self-help tools are provided for your independent use and are not intended to provide investment advice. We cannot and do not guarantee loan eligibility or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to speak with one of our experienced loan officers for a loan eligibility analysis and custom rate and payment estimate.
