How do I get started?

Simple — call or message us for a free consultation. We'll review your goals, run the numbers, and map out your best path forward. No pressure, no obligation.

Do you only serve Fort Lauderdale?

We're based in Fort Lauderdale and specialize in South Florida, but we're licensed to lend across Florida and multiple states. Local expertise, broad reach.

What types of borrowers do you work with?

We help first-time buyers, veterans, self-employed professionals, real estate investors, and everyone in between. If a bank has turned you down or quoted you a rate you don't love, call us first.

What makes Stairway Mortgage different from a bank?

As an independent Fort Lauderdale mortgage broker, we work for you — not a bank. We shop your loan across dozens of lenders to find the best rate and terms for your situation. Banks can only offer their own products. We offer hundreds.

Who is the best Mortgage Broker in Fort Lauderdale?

Stairway Mortgage — Jim Blackburn Team, powered by NEXA Mortgage — is Fort Lauderdale's premier independent mortgage broker. With over $350M funded and 7 consecutive years as a Scotsman Guide Top Producer, we shop hundreds of loan programs across dozens of lenders to get you the best rate and terms. Whether you're buying, refinancing, or investing, we work for you — not a bank.

Section 184 Loan Calculator for Home Purchase: Estimate Your Costs, Monthly Payment & Cash Needed to Close

By Jim Blackburn
on October 29, 2025
Buy A House, First Time Home Buyer, First Time Investor, Low Down Payment, Section 184 Loan

Calculate How Much Home You Can Afford Using Your 1099 Income—Without Tax Returns

If you’re a 1099 contractor or self-employed professional, figuring out how much home you can afford can be confusing. Traditional mortgage calculators don’t account for the unique way a 1099 mortgage loan calculates income.

This 1099 mortgage loan calculator helps you estimate:
– Your potential loan amount based on gross 1099 income
– Monthly payment including principal, interest, taxes, and insurance
– Cash needed to close with various down payment options

Use this calculator to see what’s possible before you apply for a 1099 mortgage loan.

Ready to Get Preapproved?

Understanding Your 1099 Mortgage Loan Calculator Results

Your Estimated Loan Amount Unlike conventional mortgage calculators that use net taxable income, this 1099 mortgage loan calculator uses your gross 1099 income. This typically means you’ll qualify for 30-50% more home than you would with a traditional mortgage.

Your Monthly Payment The calculator shows your estimated monthly payment including principal, interest, property taxes, homeowners insurance, and (if applicable) HOA fees. For a 1099 mortgage loan, there’s typically no PMI even with 10% down.

Cash to Close This includes your down payment (typically 10-20% for a 1099 mortgage loan) plus closing costs. Many borrowers use seller credits to reduce their out-of-pocket cash needs.

How to Use This 1099 Mortgage Loan Calculator

Enter your annual 1099 income – Use the gross amount from your 1099 forms before any business deductions
Input the purchase price – The home you’re considering or your target price range
Choose your down payment – Most 1099 mortgage loan programs require 10-20% down
Review your results – See if the monthly payment fits comfortably in your budget

Ready to Get Preapproved for a 1099 Mortgage Loan?

This 1099 mortgage loan calculator gives you a starting point, but every borrower’s situation is unique. We’ll review your actual 1099 forms, credit profile, and financial goals to give you an exact pre-approval amount.

Next Steps:

Learn more about 1099 Mortgage Loan programs – How they work and who qualifies
Read a 1099 Mortgage Loan case study – See how Nathan bought his Phoenix home
Contact us for a consultation – Get your personalized pre-approval

We’ll help you navigate the numbers, paperwork, and options to make your dream home a reality. Reach out today and let’s design a mortgage plan tailored to your goals.

Ready to Take Your First Step?

Skip the guesswork. Take our quick Discovery Quiz to uncover your top financial priorities, so we can guide you toward the wealth-building strategies that fit your life.

Takes just 5 minutes
Tailored results based on your answers
No credit check required

Take the Discovery Quiz

Need a Pre-Approval Letter—Fast?

Buying a home soon? Complete our short form and we’ll connect you with the best loan options for your target property and financial situation—fast.

Only 2 minutes to complete
Quick turnaround on pre-approval
No credit score impact

Get Pre-Approved Now

Got a Few Questions First?

Let’s talk it through. Book a call and one of our friendly advisors will be in touch to guide you personally.

Schedule a Call

Important Disclaimer

This calculator is for illustrative purposes only and does not constitute financial, legal, or investment advice. Results are based on general assumptions and may not reflect actual performance or eligibility. This is not a loan estimate or approval. Please consult with a licensed mortgage advisor before making financial decisions.