Question 1

Can I use one year of 1099s to qualify in Holtville?

Accepted Answer

Some lenders accept 12 months of 1099 income. Two years strengthens your file and opens more program options.

Question 2

Do I need to be incorporated to get a 1099 loan?

Accepted Answer

No. Sole proprietors qualify. You just need documented 1099 income and a verifiable self-employment history.

Question 3

How is my income calculated with a 1099 loan?

Accepted Answer

Lenders average your 1099 income over 12-24 months. They use gross 1099 earnings, not your tax return net.

Question 4

Are 1099 loans more expensive than conventional loans?

Accepted Answer

Yes — rates run higher than conventional. Non-QM pricing reflects the looser documentation. Rates vary by borrower profile and market conditions.

Question 5

Can seasonal agricultural contractors qualify in Imperial County?

Accepted Answer

Seasonal income can work if you show two years of consistent 1099 history in the same field. Gaps hurt, consistency helps.

1099 Loans in Holtville, CA — Built for Self-Employed Borrowers