Question 1

Can I use one year of 1099s to qualify?

Accepted Answer

Some lenders accept 12 months of 1099s. It's program-specific and usually requires stronger credit and more reserves.

Question 2

Do I need to show tax returns for a 1099 loan?

Accepted Answer

Most 1099 loan programs skip tax returns entirely. That's the point — your 1099 forms do the work.

Question 3

How do lenders handle inconsistent 1099 income?

Accepted Answer

Year-over-year drops raise flags. Lenders may use the lower year or a two-year average, which affects your qualifying amount.

Question 4

Can a 1099 loan cover Marin County home prices?

Accepted Answer

Yes. Several non-QM lenders offer 1099 programs with jumbo loan limits. Larkspur buyers often need this combination.

Question 5

What's the minimum down payment for a 1099 loan in Larkspur?

Accepted Answer

Most programs start at 10% down. Higher loan amounts or lower credit scores typically require 20% or more.

Question 6

Is a 1099 loan a good fit if I also have W-2 income?

Accepted Answer

Mixed income borrowers sometimes qualify conventional instead. We'd look at both paths before committing to non-QM.

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