1099 Income Mortgage Calculator
Enter your last two years of 1099 income. When income is flat or rising, lenders usually average the two years. When it dips, they usually use the lower, more recent year. This shows you both the income and a rough price range.
Income a lender would likely use
$0
$0 a year ·
- Max housing payment (45% DTI)
- $0
- Estimated loan amount
- $0
- Estimated price range
- $0
Estimate/educational only. Not a loan offer or approval. Assumes a 30-year fixed loan, a 45% debt-to-income limit, and property taxes plus insurance at 1.2% of the price per year. Loans on the programs I access go up to $3M.
Want the full picture? My 1099 income mortgage guide covers requirements, documents and three worked examples. If some of your income doesn't come on a 1099, compare a bank statement loan.