Question 1

Can I qualify with less than 12 months of 1099 income?

Accepted Answer

A few lenders accept 6-9 months if you have strong credit and reserves. You'll pay higher rates and need a larger down payment to offset the risk.

Question 2

Do 1099 loans require tax returns?

Accepted Answer

Most programs don't require full returns. Lenders verify income directly from your 1099 forms and bank deposits, avoiding the tax return complexity.

Question 3

What interest rate should I expect on a 1099 loan?

Accepted Answer

Rates run 1-2.5% above conventional loans as of February 2026. Your credit score, down payment, and 1099 consistency determine where you land in that range.

Question 4

Can I use 1099 income from multiple sources?

Accepted Answer

Yes, lenders combine income from multiple clients. They want to see consistency across 12-24 months and deposits that match your reported 1099 totals.

Question 5

Will my business write-offs hurt my 1099 loan approval?

Accepted Answer

No, that's the advantage. 1099 loans qualify you on gross income before deductions, so aggressive tax strategies don't reduce your buying power.

Question 6

How much do I need for down payment in Gustine?

Accepted Answer

Expect 10% minimum for owner-occupied homes, 20-25% for rentals. Larger down payments unlock better rates and more lender options for your deal.

1099 Income Mortgages in Gustine — Finance Without W-2s