Question 1

Do I need two years of 1099 income to qualify in Tiburon?

Accepted Answer

Most lenders want two years. Some accept one year with strong income history and compensating factors like high reserves.

Question 2

Can I use 1099 income to buy a jumbo property in Marin?

Accepted Answer

Yes. Several of our wholesale lenders offer non-QM jumbo products. Reserves and credit score carry extra weight at those loan sizes.

Question 3

How is a 1099 loan different from a bank statement loan?

Accepted Answer

A 1099 loan uses your contractor income documents directly. A bank statement loan uses deposit history instead.

Question 4

What credit score do I need for a 1099 loan?

Accepted Answer

Most programs start at 680. Higher scores open up better rates and lower reserve requirements.

Question 5

Will my tax write-offs hurt my 1099 loan application?

Accepted Answer

Not with a 1099 loan — it uses your gross 1099 income. Tax deductions only hurt you on conventional or FHA loans.

Question 6

How much down payment do I need in Tiburon?

Accepted Answer

Expect 20% minimum on a 1099 loan here. Jumbo non-QM products sometimes require 25-30% depending on the lender.

1099 Loans in Tiburon, CA — Built for Independent Earners