A straight answer
Can I get a HELOC with 1099 or gig income?
The direct answer
Yes, I offer bank statement HELOCs that qualify self-employed owners on 12 months of personal or business bank statements instead of tax returns. I take 1099 and gig earners with no business entity and no business account. Any account you receive income into can be used, as long as it gets frequent deposits.
I'm Zach von der Linden (NMLS 1652805), a mortgage broker with West Capital Lending, based in San Clemente. I put the financing together, and I tell you plainly which program fits. I work with homeowners in California, Utah, Oregon and Arizona.
Zach von der Linden, mortgage broker and Branch Manager, West Capital Lending · NMLS 1652805
Wholesale pricing · California, Utah, Oregon and Arizona
5.0 across 66 reviews on Experience.com (read on 2026-09-24) · Text reaches Zach directly · Last updated 2026-10-19
Paid on 1099s or by gig apps? Text me how long you have done the work, roughly what your deposits run each month, what you owe on the home and what it is worth.
This situation is worked out in a short conversation. No credit pull happens from a conversation. The options check is a soft credit pull with no impact on your credit score for the first look. Texts go to Zach's cell.
Does 1099 income count as self-employment?
For independent contractors, yes. The IRS says a contractor "who provides services to other businesses" is "generally considered self-employed" (IRS, independent contractor or employee).
Form 1099-NEC is the form the IRS uses for nonemployee compensation.
Gig work can be done as an employee or as an independent contractor.
If you do gig work as an employee, the IRS says your employer should withhold tax from your paycheck (IRS, manage taxes for your gig work).
So tell me whether each platform pays you as an employee or as a contractor.
How do my 1099 deposits qualify me for a HELOC?
I qualify you on 12 months of bank statements.
I use your personal or your business account, whichever shows the larger average monthly deposits over those 12 months.
You do not need a business entity or a business account.
Any account you receive income into can be used, as long as it gets frequent deposits.
Those deposits count toward your qualifying income.
Business-account deposits get an expense factor.
A transfer between your own accounts is not business income.
I also offer a HELOC qualified on a profit-and-loss statement.
It counts your profit, not losses, based on what runs through your bank accounts each month.
The lender still verifies you can repay.
Your first mortgage stays as it is, and the line sits behind it.
Once the line funds, you use the money however you choose.
How is a HELOC qualified on tax returns different?
A loan qualified on tax returns reads the net income on your return after expenses.
For loans sold to Fannie Mae, the guide "generally requires lenders to obtain a two-year history of the borrower's prior earnings" (Fannie Mae Selling Guide B3-3.5-01).
A bank statement HELOC reads your deposits instead of the net income on your returns.
New to 1099 work? Read a HELOC when the business is under two years old.
What should I send first?
- Each client or platform that pays you, and whether it pays on a 1099 or a W-2.
- How long you have done this work.
- Which account the payments land in.
- A rough value for the home and your first mortgage statement.
The full method is on the self-employed HELOC page.
Questions people ask next
Do I need a business bank account to qualify on 1099 income?
No. I take 1099 and gig earners with no business entity and no business account. Any account you receive income into can be used, as long as it gets frequent deposits.
Can I count income from more than one gig app?
Yes. The deposits from each app and client into the account you use count toward your qualifying income. Tell me every platform and client that pays you.
I also have a W-2 job. Does that change anything?
Tell me about both. I look at the W-2 pay and the 1099 work separately before I tell you which program fits.
Does asking about this affect my credit?
A conversation does not pull credit. A full application does.
What clients say
Zach was so easy to work with. He made a stressful situation into a very positive experience for us and did push us one way or another. He listened to what we hoped we could accomplish and made it happen.
Word for word from Experience.com. Read all reviews.
Sources and checked dates
Sources: Confirmed by Zach, September 27 and October 17, 2026 (restated for these pages) (checked 2026-10-19) · Confirmed by Zach, October 2026 (checked 2026-10-19) · Confirmed by Zach, September 2026 (checked 2026-09-27) · Confirmed by Zach, October 17, 2026 (checked 2026-10-17) · IRS, Independent contractor (self-employed) or employee? (updated May 19, 2026) (checked 2026-10-19) · IRS, Manage taxes for your gig work (updated June 28, 2026) (checked 2026-10-19) · Fannie Mae Selling Guide, B3-3.5-01, Underwriting Factors and Documentation for a Self-Employed Borrower (12/13/2023) (checked 2026-10-19) · West Capital Lending HELOC registration page (referral id omitted here) (checked 2026-09-09).
Show each claim on this page, what it depends on, and the date it was checked (9)
| What we say, and what it depends on | Source | Checked |
|---|---|---|
| Zach offers bank statement HELOCs that qualify self-employed owners on 12 months of personal or business bank statements instead of tax returns, using whichever account shows the larger average monthly deposits; business-account deposits get an expense factor. He arranges the line as a broker and works with homeowners in California, Utah, Oregon and Arizona. | Confirmed by Zach, September 27 and October 17, 2026 (restated for these pages) | 2026-10-19 |
| Zach's answers for the self-employed HELOC answers. The bank statement HELOC he offers has no set minimum time in business, so a business under two years old is fine. An unfiled or extended tax year does not matter for the bank statement HELOC, because tax returns are not part of how it qualifies; no extra documents are needed for it. He also offers a HELOC qualified on a profit-and-loss statement; it counts profit only, not losses, based on what runs through the borrower's bank accounts each month. He takes 1099 and gig earners with no business entity and no business account: any account the borrower receives income into can be used, as long as it gets frequent deposits, and those deposits count toward qualifying income. | Confirmed by Zach, October 2026 | 2026-10-19 |
| Zach arranges a home equity line for self-employed owners that can be qualified on bank statements, which reads deposits instead of the net income on filed returns. | Confirmed by Zach, September 2026 | 2026-09-27 |
| Zach offers loans qualified on 12 months of bank statements instead of tax returns, at any loan size. He qualifies the borrower on either the personal or the business bank account, whichever shows the larger average monthly deposits over the past 12 months, and business-account deposits get an expense factor. | Confirmed by Zach, October 17, 2026 | 2026-10-17 |
| IRS, Independent contractor (self-employed) or employee? (page last reviewed or updated May 19, 2026): "If you are a business owner or contractor who provides services to other businesses, then you are generally considered self-employed." IRS, About Form 1099-NEC (updated June 7, 2026): "Use Form 1099-NEC to report nonemployee compensation." | IRS, Independent contractor (self-employed) or employee? (updated May 19, 2026) | 2026-10-19 |
| IRS, Manage taxes for your gig work (page last reviewed or updated June 28, 2026): "If you do gig work as an employee, your employer should withhold tax from your paycheck. If you do gig work as an independent contractor, you may have to pay estimated taxes." "You must report all income on your tax return, even if you don't receive Forms 1099 from the businesses that pay you." The IRS Gig Economy Tax Center (updated July 9, 2026) says "Gig economy income is taxable". | IRS, Manage taxes for your gig work (updated June 28, 2026) | 2026-10-19 |
| Fannie Mae Selling Guide B3-3.5-01, Underwriting Factors and Documentation for a Self-Employed Borrower (12/13/2023): "Fannie Mae generally requires lenders to obtain a two-year history of the borrower's prior earnings as a means of demonstrating the likelihood that the income will continue to be received." "However, the income of a person who has less than a two-year history of self-employment may be considered, as long as the borrower's most recent signed personal and business federal income tax returns reflect a full year (12 months) of self-employment income from the current business." The file must also document prior income "in a field that provides the same products or services as the current business, or" "in an occupation in which they had similar responsibilities". | Fannie Mae Selling Guide, B3-3.5-01, Underwriting Factors and Documentation for a Self-Employed Borrower (12/13/2023) | 2026-10-19 |
| Once a HELOC Zach offers funds, the borrower can use the money however they want, with no use restrictions. | Confirmed by Zach, October 2026 | 2026-10-19 |
| On the West Capital Lending HELOC registration page, checking qualifying rates and terms uses a soft credit pull that does not affect the credit score; continuing and submitting an application requests a full credit report, which is a hard pull that may affect credit. | West Capital Lending HELOC registration page (referral id omitted here) | 2026-09-09 |
Written for and accountable to: Zach von der Linden, Mortgage broker and Branch Manager, West Capital Lending.
Last updated 2026-10-19.
Verify him: NMLS Consumer Access, ID 1652805 · 66 reviews on Experience.com.
Sources for product claims are listed on this page, with the date each was checked.
Paid on 1099s and want a HELOC?
No credit pull happens from a conversation. The options check is a soft credit pull with no impact on your credit score for the first look. Text Zach first so he can review your situation. The online check covers one HELOC program, not every option he may be able to arrange. Texts go to Zach's cell.