Question 1

Can I use one year of 1099s to qualify?

Accepted Answer

Some lenders accept one year if your field and client base are stable. Two years is stronger and opens more programs.

Question 2

Do I need to be self-employed for two years?

Accepted Answer

Most lenders want at least two years in the same line of work. A recent switch to 1099 status can complicate qualification.

Question 3

Will my tax write-offs hurt my approval?

Accepted Answer

Not on a 1099 loan. Lenders qualify you on gross 1099 income, not your net taxable income after deductions.

Question 4

What loan amounts are available in Marin County?

Accepted Answer

Most 1099 programs go well into jumbo territory. Marin's prices make higher loan limits essential for many buyers.

Question 5

How are 1099 Loans different from Bank Statement Loans?

Accepted Answer

1099 Loans use your income forms directly. Bank Statement Loans use deposit history — better if income flows through a business account.

Question 6

What credit score do I need for a 1099 loan in San Anselmo?

Accepted Answer

Most programs start around 620-660. Higher scores get better rates. Rates vary by borrower profile and market conditions.

1099 Loans in San Anselmo for Independent Earners