What is it?
DirectLenderMatch classifies 1099-Only Mortgage under the financing form “Mortgage.” Its typical use in this directory is: Independent contractors using 1099 income.
How does it work?
The structure is generally evaluated, supported, or secured using the following basis: 1099 income. Exact underwriting, eligibility, terms, and availability are provider-specific and can change.
What can it be used for?
Independent contractors using 1099 income.
What backs or supports it?
1099 income.
Why does this structure exist?
This structure provides a defined way to address the financing need described above. The provider, transaction, collateral, and underwriting context determine how the structure is implemented in practice.
Important considerations
Confirm current costs, risks, licensing, eligibility, collateral treatment, recourse, tax consequences, and availability directly with the provider and appropriate professional advisers. DirectLenderMatch does not compare rates or recommend products.
Is this actually a loan?
Workbook classification: Yes. Financing forms such as leases, purchases, shared equity, advances, and guarantees may solve a funding need without being conventional loans.
Verified lenders or providers
Direct mortgage lender
Griffin Funding, Inc.
Griffin Funding's current loan list explicitly includes this Non-QM / investor product family.
Official evidence page →Last verified: 2026-08-23
Direct/non-QM mortgage lender
Angel Oak Mortgage Solutions
Angel Oak documents a 1099 option within its current bank-statement/non-QM mortgage program.
Official evidence page →Last verified: 2026-08-24
Related financing structures
Bank Statement Mortgage
Self-employed borrowers qualifying from bank statements
Profit-and-Loss (P&L)-Only Mortgage
Self-employed qualification without standard tax-return analysis
Asset Depletion Mortgage
Asset-rich borrowers with limited conventional income
Asset Qualifier Mortgage
Qualify primarily from assets rather than income
Foreign National Mortgage
Non-U.S. resident purchasing U.S. property
ITIN Mortgage
Borrowers without SSN who have eligible ITIN profile