Two flexible ways to qualify when tax returns don’t tell the full story.

Not everyone earns a traditional salary.
And not everyone wants to jump through hoops to prove they deserve to buy a home or invest in property.

If you’re a 1099 worker, retired, or simply living off investments, there are two powerful loan options you should know about:

👉 1099 income loans
👉 Asset-based mortgages

Let’s break down how each works — and why they’re becoming increasingly popular among self-employed professionals, consultants, and high-net-worth individuals.

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📃 1099 Income Loans

✅ What They Are:

Mortgages for independent contractors, consultants, and gig workers who receive Form 1099 instead of W-2s.

Instead of verifying income with tax returns, lenders use:

• Your past 1–2 years of 1099s
• Possibly year-to-date bank statements
• No employer verification needed

💡 Who It’s For:

• Realtors
• Insurance agents
• Sales consultants
• Uber/Lyft drivers
• Freelancers and creatives

Key Benefit: You can qualify based on your gross 1099 income, not what’s left after deductions.

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📋 What You’ll Need:

• 1–2 years of complete 1099 forms
• Proof you’re still actively contracting
• Possibly a CPA letter or business license
• Credit score of 620–680+
• Down payment of 10–20%

🧠 Lenders may average your income across multiple years to stabilize fluctuations.

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💰 Asset-Based Mortgages

✅ What They Are:

Loans that use your liquid assets (instead of income) to calculate mortgage eligibility.

Think of it like this:

If you have enough in savings, stocks, retirement, or crypto — that is your income.

These loans don’t require a job, pay stubs, or income tax returns.

💡 Who It’s For:

• Retirees
• Investors living off dividends
• Entrepreneurs with large cash reserves
• Anyone with high net worth, low taxable income

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📋 What You’ll Need:

• 3–12 months of bank, brokerage, or retirement account statements
• A qualifying asset depletion calculation (we help with this)
• Credit score of 680+
• Down payment of 20–30%

📘 Lenders use a formula to determine how long your assets could cover the proposed mortgage — typically 3–5 years.

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🤝 Why Choose These Loan Types?

✅ No tax returns
✅ No W-2s or pay stubs
✅ More privacy and flexibility
✅ Tailored for modern income realities

Whether you’re scaling a business, retiring early, or freelancing across multiple platforms, these loans work with your lifestyle — not against it.

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🏢 Why PRMI?

As a direct lender, PRMI offers:

• 1099 and asset-based programs across multiple states
• A transparent, borrower-first approach
• In-house underwriting for speed and certainty

We understand your income. We respect your hustle. And we know how to get your deal approved.

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👇 Want to Qualify With 1099s or Assets?

Let’s review your income or account balances — and show you what kind of loan you can qualify for without the paperwork headache.