Loading
Kern County has a large base of independent contractors — ag workers, truckers, and tradespeople who earn 1099 income year-round.
A standard W-2 loan won't capture their real earnings. A 1099 loan is built for exactly this borrower profile.
660+
Min Credit Score
2 Years
Self-Employed History
10-20%
Down Payment
1-2 Years
1099 Docs Required
1099 Loans in Arvin
Lenders use your 1099 forms — typically 1 to 2 years — to calculate qualifying income. No employer letter needed.
Most programs want a 660+ credit score and 10-20% down. Self-employed for at least 2 years is a standard requirement.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Arvin.
Kern County has a large base of independent contractors — ag workers, truckers, and tradespeople who earn 1099 income year-round.
A standard W-2 loan won't capture their real earnings. A 1099 loan is built for exactly this borrower profile.
Lenders use your 1099 forms — typically 1 to 2 years — to calculate qualifying income. No employer letter needed.
Most banks don't offer 1099 loans. These are non-QM products — meaning they live outside conventional lending guidelines.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in 1099 income programs with competitive terms.
The biggest mistake I see: contractors bring tax returns instead of 1099s. These loans ignore your write-downs.
Your gross 1099 income is the number that matters. A borrower netting $40K after deductions may qualify on $90K gross.
Bank Statement Loans are a close alternative. They average 12-24 months of deposits instead of relying on 1099 forms.
If your income mixes W-2 and 1099, a conventional loan might still work. We run both scenarios before committing.
Arvin sits in the southern San Joaquin Valley. Many workers here contract in agriculture, oil, and construction — all 1099-heavy industries.
Home prices in this area tend to be lower than coastal California. That means smaller loan sizes and lower down payment amounts for most buyers.
Some lenders accept 12 months. Most want 24. We'll find the programs that match your history.
No. Sole proprietors qualify. You just need documented 1099 income and two years of self-employment.
No — that's the point of this loan. Lenders use gross 1099 income, not your taxable income after deductions.
Yes, typically. Non-QM loans carry more risk for lenders. Rates vary by borrower profile and market conditions.
We can often combine both income streams. The right loan type depends on how your income is split.