Help your self-employed clients secure financing with Dominion Financial’s Prestige 1099-Only Loans. Designed for independent contractors, freelancers, and gig workers, these programs allow qualification using 1099 earnings—no W-2s or tax returns required.
With flexible options for primary residences, second homes, and investment properties, you can offer your clients a seamless alternative to traditional financing.
Prestige is a unique loan product that allows for income-based qualifying for borrowers with alternative income sources. Borrower income can be verified using 1- or 2-Years 1099s and YTD receipt of income from same source.
Prestige Plus is a unique loan product that allows for income-based qualifying for borrowers who are self-employed or have alternative income sources. Borrower income can be verified using 1- or 2-Years 1099s and YTD receipt of income from same source.
Looking for white-label materials or detailed guidelines? Access everything you need on our Broker Resources page.
Rather than requiring full tax returns, 1099 Loans use one or two years of 1099s to verify income. It’s a streamlined alternative to bank statements or full doc loans, making qualifying faster and easier for 1099 earners.
1099 Loans are tailored for self-employed borrowers or independent contractors who receive income through 1099 forms instead of W-2s. They’re a great fit for clients with consistent contract income who may not show high net income on their tax returns.
A 1099 Loan benefits self-employed borrowers by allowing flexible income verification through 1099 forms, accepting alternative documentation instead of strict tax returns, and increasing access to financing for those who don’t meet traditional financing requirements.
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