: Lenders usually require the most recent 1–2 years of 1099 forms . They want to see that your income is stable or increasing; declining income can reduce your qualifying amount. Credit Score : Traditional Loans : Minimums are often 620 .
: Specialized programs may require higher scores, typically 660–700 . buying a house with 1099 income
Be prepared to provide a more detailed financial snapshot than a standard employee: 1099 Mortgage : Lenders usually require the most recent 1–2