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Madera has a strong base of independent contractors, ag workers, and tradespeople. Many earn well but can't show it on a tax return.
1099 loans skip the W-2 requirement entirely. Your income docs are your 1099 forms — not your AGI.
620+
Min Credit Score
1-2 Years 1099s
Income Doc
10-20%
Down Payment
2 Years Preferred
Self-Employed Minimum
Non-QM
Loan Type
1099 Loans in Madera
Most lenders want 1-2 years of 1099s showing consistent income. Some accept just 12 months if your income is strong.
Credit requirements vary by lender. Expect a 620 minimum on most programs, though stronger profiles get better terms.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Madera.
Madera has a strong base of independent contractors, ag workers, and tradespeople. Many earn well but can't show it on a tax return.
1099 loans skip the W-2 requirement entirely. Your income docs are your 1099 forms — not your AGI.
Most lenders want 1-2 years of 1099s showing consistent income. Some accept just 12 months if your income is strong.
Banks rarely offer 1099 loans. This product lives in the non-QM wholesale market — which is exactly where we operate.
We work with 200+ wholesale lenders. That means real options, not just one bank's guidelines telling you no.
The biggest mistake 1099 borrowers make: waiting until tax season. Filing aggressive write-offs kills your qualifying income.
Talk to us before you file. We can review your 1099s and show you what income lenders will actually use.
Bank statement loans use 12-24 months of deposits to calculate income. 1099 loans use your forms directly — simpler if your income is consistent.
P&L loans work for business owners with mixed income streams. If you're purely 1099, this program is the cleaner fit.
Madera County has a large agricultural and trades workforce. Seasonal and contract work is common — and 1099 income reflects that reality.
Home prices in the Central Valley make 1099 loans practical here. You don't need jumbo-level income to make the numbers work.
Some lenders allow 12 months. Most prefer two years to show consistent earnings. Your overall profile determines which programs fit.
Yes. Lenders use your gross 1099 income, but heavy deductions signal inconsistency. Talk to us before filing.
Most programs start at 620. A score above 680 opens better rates and lower down payment requirements.
No. Bank statement loans use deposit history. 1099 loans use your contractor income forms directly. Both are non-QM products.
Expect 10-20% down on most 1099 programs. Lower down payments are possible with stronger credit and reserves.
Yes, but lenders will average your income over 12-24 months. Gaps or declining earnings will affect what you qualify for.