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in Dublin, CA
Dublin has a dense population of self-employed buyers. Tech contractors, consultants, and business owners all face the same wall: traditional lenders want W-2s.
Two non-QM loans solve this problem differently. Knowing which fits your income structure saves time and gets you to the closing table faster.
1099 loans are built for independent contractors and freelancers. Lenders use your 1099 forms — not tax returns — to calculate qualifying income.
This matters because most contractors write off expenses, crushing their taxable income. Your 1099 gross tells a truer story of what you actually earn.
Bank statement loans work for self-employed borrowers with business or personal accounts. Lenders average 12 to 24 months of deposits to calculate income.
Business owners who pay themselves irregularly benefit most here. Your actual cash flow — not what the IRS sees — drives the approval.
Local decision guide
Use this comparison to weigh 1099 Loans and Bank Statement Loans through local payment fit, eligibility, documentation, and timing before choosing a path in Dublin.
Dublin has a dense population of self-employed buyers. Tech contractors, consultants, and business owners all face the same wall: traditional lenders want W-2s.
Two non-QM loans solve this problem differently. Knowing which fits your income structure saves time and gets you to the closing table faster.
1099 loans are built for independent contractors and freelancers. Lenders use your 1099 forms — not tax returns — to calculate qualifying income.
The core difference is documentation. 1099 loans rely on tax forms issued to you. Bank statement loans rely on actual cash deposits into your accounts.
Business owners with mixed income streams often qualify better under bank statements. Pure contractors with clean 1099 history usually get stronger numbers using the 1099 method.
If you receive 1099s from one or two clients and your gross is strong, the 1099 loan is likely cleaner to document and qualify for.
If you run a business, pay yourself from a company account, or have multiple income sources, bank statements show the full picture lenders need to see.
No, you pick one program per application. We review your income docs first and recommend the stronger qualifying path.
Non-QM loans typically carry higher rates than conventional. Rates vary by borrower profile and market conditions.
Most lenders require one to two years of 1099 forms. Consistent income across both years strengthens your file.
Most non-QM lenders want at least a 620 score. Higher scores improve your rate on both programs.
Yes. Personal statements work if your income deposits there consistently. Business statements may require an expense ratio adjustment.
Both programs can go into jumbo territory. The qualifying income calculation determines your actual ceiling, not the program itself.