A 1099 Home Loan is a mortgage option designed for independent contractors, freelancers, gig workers, and self-employed individuals who earn income through 1099s rather than W-2s. Instead of using tax returns, lenders typically review one to two years of 1099 income to determine eligibility. These loans offer flexible qualification guidelines and can be used for home purchases, refinances, and investment properties. While they provide a valuable financing solution for borrowers with non-traditional income, they may require higher down payments and interest rates than conventional mortgage programs.