Question 1

Can I use both 1099s and bank statements together?

Accepted Answer

Most lenders pick one method per file. We can run both scenarios and go with whichever produces the stronger qualifying income.

Question 2

Do these loans work for Fort Bragg vacation rentals?

Accepted Answer

Yes, both are non-QM and can finance investment or second properties. Rental income treatment varies by lender.

Question 3

How many months of bank statements do I need?

Accepted Answer

Most lenders want 12 months minimum. Stronger files often use 24 months to show consistent deposits.

Question 4

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

Accepted Answer

They can. 1099 loans use your gross 1099 income, but some lenders still review returns. Bank statements often bypass that issue.

Question 5

What credit score do these non-QM loans require?

Accepted Answer

Most lenders want 620 or higher. Stronger scores improve your rate. Requirements vary across lenders.

Question 6

How is SRK CAPITAL different from a bank for these loans?

Accepted Answer

Banks typically offer one or two non-QM products. We shop across 200+ wholesale lenders to find the best fit for your income type.

1099 Loans vs Bank Statement Loans in Fort Bragg