Question 1

How many years of 1099s do I need to qualify?

Accepted Answer

Most programs require 12 to 24 months. Two full years gives you the most lender options in El Dorado County.

Question 2

Can I use 1099 income from multiple clients?

Accepted Answer

Yes. Lenders add up all 1099 sources. Consistent multi-client income can actually strengthen your file.

Question 3

Do deductions on my tax return affect a 1099 loan?

Accepted Answer

Less than with conventional loans. Lenders use your gross 1099 income, not your taxable income after write-offs.

Question 4

What credit score do I need for a 1099 loan in Placerville?

Accepted Answer

Plan for at least 620. Scores above 680 open up better rates and lower reserve requirements. Rates vary by borrower profile.

Question 5

Is a 1099 loan harder to get than a bank statement loan?

Accepted Answer

Not necessarily harder — just different. If your income flows through 1099s cleanly, this route involves fewer documents.

Question 6

Does SRK CAPITAL offer 1099 loans in El Dorado County?

Accepted Answer

Yes. We work with 200+ wholesale lenders and can shop multiple 1099 programs to find the best fit for your income structure.

1099 Loans in Placerville: Financing Built for Independent Earners