Question 1

Can I use both 1099s and bank statements together?

Accepted Answer

Some lenders allow blended documentation. We can identify which approach maximizes your qualifying income across our lender network.

Question 2

Do these loans require a large down payment?

Accepted Answer

Most non-QM lenders want 10-20% down. Higher loan amounts in Belvedere often push requirements toward 20% or more.

Question 3

What credit score do I need for either loan?

Accepted Answer

Most non-QM lenders require at least 620. Stronger scores above 700 open better pricing on both products.

Question 4

Are 1099 loans harder to get than bank statement loans?

Accepted Answer

Neither is harder — they suit different income types. The right fit depends on how you get paid and how you document it.

Question 5

How long does it take to close a non-QM loan?

Accepted Answer

Expect 21-30 days with clean documentation. Missing or inconsistent income records are the most common delay.

Question 6

Can I get a jumbo non-QM loan in Belvedere?

Accepted Answer

Yes. Many of our wholesale lenders offer non-QM jumbo products. Belvedere price points often require them.

1099 Loans vs Bank Statement Loans in Belvedere