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in Tiburon, CA
Self-employed borrowers in Tiburon have two strong non-QM options. Neither requires W-2s or tax returns to prove income.
Marin County prices demand real purchasing power. Choosing the right income documentation method can make or break your approval.
1099 loans are built for independent contractors and freelancers. Your 1099 forms — not tax returns — verify your income.
Lenders typically use 1-2 years of 1099s. This works well if your write-offs tank your taxable income on paper.
Bank statement loans use 12 to 24 months of deposits to calculate income. No 1099s, no tax returns needed.
Lenders apply an expense ratio to your deposits to estimate net income. Business accounts often yield higher qualifying numbers.
Local decision guide
Use this comparison to weigh 1099 Loans and Bank Statement Loans through local payment fit, eligibility, documentation, and timing before choosing a path in Tiburon.
Self-employed borrowers in Tiburon have two strong non-QM options. Neither requires W-2s or tax returns to prove income.
Marin County prices demand real purchasing power. Choosing the right income documentation method can make or break your approval.
1099 loans are built for independent contractors and freelancers. Your 1099 forms — not tax returns — verify your income.
1099 loans need documented 1099 income. If you run a business and pay yourself through a company, bank statements fit better.
Bank statement loans are more flexible by income type. But lenders apply expense ratios that reduce your qualifying deposits.
If you're a freelancer or contractor getting 1099s, start there. It's a cleaner path with fewer adjustments to your income.
If you own a business, deposit heavily into a company account, or have mixed income streams, bank statements usually win.
Some lenders allow it, but most want one primary method. A broker can shop programs that accept hybrid documentation.
Yes, non-QM loans carry higher rates than conventional. Rates vary by borrower profile and market conditions.
Most non-QM programs require 10-20% down. Stronger credit and reserves can help you qualify at lower down payment tiers.
Most lenders want at least 620-640 for non-QM products. Higher scores get better pricing on both loan types.
Neither is faster by default. Speed depends on how quickly you can deliver documents and how responsive your lender is.
Yes. Some programs let you blend 1099 and W-2 income. Tell your broker about all income sources upfront.