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Delano sits in Kern County's agricultural core. A large share of local earners work contract, seasonal, or self-employed roles — and W-2s don't tell their story.
1099 loans are built for exactly that. They use your actual 1099 income to qualify, not a tax return full of write-offs that makes you look broke on paper.
620+
Min Credit Score
12-24 Mo 1099s
Income Docs
10-20%
Down Payment
2 Years Preferred
Self-Employed History
Non-QM
Loan Type
1099 Loans in Delano
Most lenders want 12-24 months of 1099s showing consistent income. Gaps or big swings year-to-year will get scrutinized.
Credit requirements typically start around 620. Down payments run 10-20% depending on the lender and your income history.
Big banks don't do 1099 loans. This is wholesale territory — specialty non-QM lenders who actually understand contract income.
As a broker with access to 200+ wholesale lenders, we shop your file across multiple non-QM options. Delano borrowers aren't stuck with one bank's rules.
The most common mistake: submitting tax returns instead of 1099s. Your Schedule C deductions crater your qualifying income. Use the right docs.
We see a lot of Delano borrowers who earn well but look underpaid on paper. A 1099 loan reads income the way you actually earn it.
Bank statement loans use 12-24 months of deposits to qualify. If your 1099s are clean but your bank account has irregular deposits, bank statements may work better.
Profit & Loss loans suit business owners. If you're a pure contractor with 1099s from a handful of clients, the 1099 loan is usually the cleaner path.
Kern County home prices stay well below coastal California. That means loan amounts are smaller, which actually works in your favor on non-QM pricing.
Delano's workforce includes ag contractors, truckers, and trade workers — many with strong 1099 income and no traditional employer. This loan type fits that profile well.
Bring 12-24 months of 1099 forms and proof the work is ongoing. Bank statements and a valid contractor license help too.
Some lenders allow 12 months. But two years of consistent 1099 income gives you far more options and better pricing.
Not the way they hurt a conventional loan. Lenders use gross 1099 income here, not your net taxable income after deductions.
Rates run higher than conventional loans. Rates vary by borrower profile and market conditions, so strong credit helps close that gap.
Yes, if they have consistent 1099 income over 12-24 months. Seasonal gaps can be a challenge — we'll look at the full picture.
A 1099 loan qualifies you on your 1099 forms. A bank statement loan uses deposit history. Both are non-QM — we pick what fits your file.