Question 1

Can I qualify using just one year of 1099s?

Accepted Answer

Some lenders accept one year. Two years is stronger and opens more options. Consistency matters more than the number of years.

Question 2

Does my Airbnb income count toward qualification?

Accepted Answer

Not on a 1099 loan. STR income requires a different approach. Ask us about DSCR or investor loan options.

Question 3

What credit score do I need for a 1099 loan?

Accepted Answer

Most lenders want 620 or higher. Better scores mean better rates. Rates vary by borrower profile and market conditions.

Question 4

How is my income calculated on a 1099 loan?

Accepted Answer

Lenders average your gross 1099 income over one or two years. Deductions on your tax return don't reduce it.

Question 5

Are 1099 loans available for investment properties in Tahoe?

Accepted Answer

Yes, some non-QM lenders allow 1099 loans on investment properties. Down payment requirements are typically higher.

Question 6

Why can't I just use a conventional loan?

Accepted Answer

Conventional loans require W-2s or tax returns showing full net income. Most 1099 earners write off too much to qualify that way.

1099 Loans in South Lake Tahoe for Independent Earners