Loading
Loading
Mariposa sits at the edge of Yosemite country. A lot of the workforce here runs on 1099 income — guides, contractors, seasonal workers, creatives.
Standard lenders see irregular deposits and shut the file. A 1099 loan is built for exactly this income type.
620–640 typical
Min Credit Score
1–2 years 1099s
Income History
Not required
Tax Returns
Gross 1099 income
Income Calculation
Non-QM
Loan Type
1099 Loans in Mariposa
Lenders use your 1099 forms — typically one to two years — to calculate qualifying income. No tax returns needed in most cases.
Expect a minimum credit score around 620-640. Lenders also want to see steady 1099 income with no major gaps.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Mariposa.
Mariposa sits at the edge of Yosemite country. A lot of the workforce here runs on 1099 income — guides, contractors, seasonal workers, creatives.
Standard lenders see irregular deposits and shut the file. A 1099 loan is built for exactly this income type.
Lenders use your 1099 forms — typically one to two years — to calculate qualifying income. No tax returns needed in most cases.
Big banks rarely offer 1099 programs. These loans live in the non-QM wholesale space — lenders that specialize in alternative income documentation.
At SRK CAPITAL, we run your file across 200+ wholesale lenders. That means real options, not one bank's take on your income.
The biggest mistake I see: 1099 borrowers write off too much. Your tax return shows $30K net on $120K gross. Lenders price off net.
A 1099 loan bypasses that problem entirely. We use gross 1099 income, so your deductions stop working against you.
Bank statement loans are the closest alternative. They use 12-24 months of deposits instead of 1099 forms — better if your income mixes cash and 1099.
P&L loans work if your CPA prepares a profit and loss statement. Each option fits a different income paper trail. We find which one prices best for you.
Mariposa County has a small, tight housing inventory. When a property hits the market, you need to move fast — that means pre-approval in hand before you search.
Rural properties common in Mariposa can complicate appraisals. Non-QM lenders on 1099 programs still need a clean appraisal, so acreage and condition matter.
Most lenders want 24 months. Some programs accept 12 months with strong income history and good credit.
Multiple clients strengthen your file. One source is acceptable but expect more scrutiny from underwriters.
Not on a 1099 loan. We use your gross 1099 income, not the net figure on your tax return.
Yes, typically. Non-QM programs carry a premium over conventional rates. Rates vary by borrower profile and market conditions.
Depends on the property. Large acreage or mixed-use land gets harder to finance. Residential with some land is usually fine.