Our Programs 

W-2 to 1099

Available on Rainier & Sequoia Non-QM

Qualify contractors using a 1099 with no expense factor! Great option for medical professionals and  borrowers who recently switched to 1099 and have no work-related expenses.

  • Full Doc Solution
  • No Minimum 1099 Work History Required
  • Requires Letter from Employer or Employment Contract Stating No Expenses are Incurred in 1099 Role
  • Up to 90% LTV
  • Loan Amounts Up to $5M
  • Cash Out Up to $2.5M
  • DTI Up to 55%
  • Credit Scores as Low as 620
  • Multiple Loan Term Options Available
  • Great Option for Medical Professionals
  • First Time Homebuyers Allowed
  • Available on Primary, Secondary & Investments
  • Purchase, Refinance, or Cash-Out Allowed
Rainier Non-QM
Sequoia Non-QM
Sequoia Expanded

Recently Switched?

Easily Qualify Borrowers Who Moved From W-2 to 1099!

Newfi’s W-2 to 1099 program is a full doc solution designed to help contractors with no work-related expenses, regardless of how long they’ve been a 1099 employee. This program is a great fit for contractors, medical professionals, or borrowers who recently switched from W-2 income and doesn’t incur expenses. Plus, it can be combined with other income types to help borrowers qualify with confidence.

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Recently Switched From W-2 to 1099 Flyer
Mortgage Options for 1099 Income Social
Calling All 1099 Borrowers Social

View Our Turn Times For Our W-2 to 1099 Loans

W-2 to 1099 FAQ

Our W-2 to 1099 program is a full doc Non-QM solution, designed to qualify contractors who do not incur expenses. This can be a great solution for medical professionals!

There is no minimum or maximum amount of time of a borrower is required to have been a 1099 employee to qualify.

Because these borrowers have no work-related expenses, no expense factor is applied. Borrowers qualify like a standard wage earner and use 100% of their 1099 income.

To confirm a borrower has no work-related expenses, we require a letter from the borrowers employer a copy of the employment contract that states there are no expenses incurred in the 1099 role.