Yes — many Non-QM programs let contractors and freelancers refinance using 1–2 years of 1099 income, whether you want a rate-and-term reset or cash-out for business or personal goals.
Common refinance paths we structure for Indiana independent contractors.
Rate-and-term
Lower payment / term
Limited cash back; typically higher LTV allowed
Cash-out
Access equity
Tighter LTV; see dedicated cash-out guide
Income docs
1–2 years of 1099s
Forms replace tax-return AGI for qualifying
Primary home
Most flexible LTV
Often the easiest occupancy for Non-QM refi
Second / investment
More equity needed
Occupancy overlays tighten LTV and pricing
Seasoning
Case-by-case
Recent purchase or prior cash-out may have waits
Refinance guidelines vary by investor and change without notice. Not a guarantee of approval.
Independent contractors often refinance into Non-QM when agency income math no longer fits.
If depreciation and expenses crush AGI, 1099-based income can still support a refinance when client work is healthy.
Move from a higher rate, shorten the term, or exit an ARM — without rebuilding a tax-return income file.
Already on bank statement or 1099? We compare investors for pricing, LTV, and cash-out room.
Cash-out refinances can fund growth, equipment, or reserves — within investor LTV and use-of-proceeds rules.
Ryan & Steve average eligible 1099 totals, apply deposit support when required, then overlay LTV grids for rate-and-term vs. cash-out on your occupancy type.
We also check payoff, closing costs, and whether conventional or FHA streamline options still beat Non-QM before you pay fees to switch.
If cash-out is the goal, we size max proceeds against credit and equity so you know the realistic wire — not a marketing number.
Refinance prep list
Related 1099 guides and Non-QM resources from Ryan & Steve.
Tighter LTV limits and how we estimate net proceeds.
Averaging 1099 totals and deposit support.
When forms-based income replaces AGI.
Full program hub with guidelines and Get Pre-Approved CTAs.
2MG Daily
Recent articles on 1099 financing, Non-QM options, and refinance strategy.
Sep 18, 2026 • 2MG Daily
Read article →
Sep 1, 2026 • 2MG Daily
Read article →
Yes — many Non-QM 1099 programs let contractors and freelancers refinance using 1–2 years of 1099 income, whether you want a rate-and-term reset or cash-out for business or personal goals.
Most 1099 Non-QM products do not use tax returns for the income calc. You still need 1099 forms, assets, credit, and property docs. Some investors may request returns for identity or other checks — not AGI qualifying.
Rate-and-term typically allows higher LTV with limited cash back. Cash-out has tighter LTV caps. We size both so you know payment impact and net proceeds before you apply.
Often yes when write-offs block a conventional refinance but 1099 income supports the new payment. We also check whether an agency path still beats Non-QM pricing first.
Ryan & Steve will compare rate-and-term vs cash-out and confirm whether 1099 Non-QM beats your agency options.