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San Rafael sits in Marin County, one of California's most expensive markets. Freelancers and contractors here need a loan built for how they actually earn.
Standard loans reject 1099 earners because write-offs shrink taxable income. A 1099 loan uses your actual earnings — not what's left after deductions.
620–660 typical
Min Credit Score
1-2 yrs of 1099s
Income Docs
10–20% typical
Down Payment
2 yrs preferred
Self-Employment
1099 Loans in San Rafael
Lenders typically want 1-2 years of 1099 forms. Some also accept a CPA letter confirming your self-employment status and income history.
Expect a minimum credit score around 620-660. Stronger credit means better rate options across our lender pool. Rates vary by borrower profile and market conditions.
Most retail banks won't touch 1099 income without two years of strong tax returns. Wholesale non-QM lenders underwrite these deals differently.
We work with 200+ wholesale lenders. Several specialize in non-QM products for self-employed borrowers in high-cost California markets like Marin.
The biggest mistake 1099 borrowers make: applying at their personal bank. Your banker sees the write-offs. A non-QM underwriter sees the gross income.
Prepare clean 1099s for the past two years. If your income jumped recently, a CPA letter explaining the trend helps your file stand out.
Bank Statement Loans are the closest alternative. Instead of 1099s, they use 12-24 months of deposits to calculate income. Some self-employed borrowers qualify easier that way.
If you have strong assets but uneven income, an Asset Depletion Loan might work better. The right call depends on your specific income and tax picture.
Marin County home prices are high. That means loan amounts here often push into jumbo territory. Not all non-QM lenders offer jumbo 1099 products — we find the ones that do.
San Rafael has a strong base of independent professionals — consultants, creatives, tech contractors. This isn't a niche loan here. It's a common need.
Some lenders accept 12 months. Most want two years. Stronger credit and reserves improve your shot at the one-year option.
No. That's the point of this loan. Lenders use your 1099 gross income, not your taxable income after deductions.
Most 1099 loans require 10-20% down. Higher loan amounts common in Marin may require more. Rates vary by borrower profile and market conditions.
Yes. Several lenders in our network offer jumbo non-QM products for high-cost markets like Marin. Credit and reserves requirements are stricter.
A 1099 loan uses your contractor income forms. A bank statement loan uses deposit history. Your income documentation type drives which fits better.