Question 1

Can I use 1099 income from just one client?

Accepted Answer

Most lenders want to see multiple 1099 sources to reduce risk. Single-client income gets treated like employment and faces stricter requirements.

Question 2

What if my 1099 income varies significantly each month?

Accepted Answer

Lenders average your income over 12-24 months. Seasonal work is common in Parlier — just expect underwriters to review multiple years for patterns.

Question 3

Do I need to show my full tax returns?

Accepted Answer

Some lenders require tax returns to verify you filed. Others only need the 1099 forms themselves. Requirements vary by lender and loan amount.

Question 4

How long does 1099 loan approval take in Fresno County?

Accepted Answer

Expect 3-4 weeks from application to closing. Non-QM underwriting takes longer than conventional because each file gets manual review.

Question 5

What down payment do I need for a 1099 loan in Parlier?

Accepted Answer

Most programs require 15-20% down. Borrowers with 700+ credit and strong 1099 history sometimes get approved with 10% down.

1099 Loans in Parlier — Income Documentation for Independent Contractors