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Los Banos sits in Merced County's agricultural core. A lot of workers here earn 1099 income — truckers, farm contractors, and independent operators.
Traditional lenders see irregular deposits and say no. A 1099 loan is built for exactly that income pattern.
620 Typical
Min Credit Score
1-2 Yrs 1099s
Income Docs
10-20%
Down Payment
1-2 Years
Self-Employed History
1099 Loans in Los Banos
You qualify using your 1099 forms — typically 1 to 2 years. No tax returns required. Lenders look at gross 1099 income, not what you wrote off.
Credit score requirements vary by lender. Most want at least a 620. A stronger score opens better rates. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Los Banos.
Los Banos sits in Merced County's agricultural core. A lot of workers here earn 1099 income — truckers, farm contractors, and independent operators.
Traditional lenders see irregular deposits and say no. A 1099 loan is built for exactly that income pattern.
You qualify using your 1099 forms — typically 1 to 2 years. No tax returns required. Lenders look at gross 1099 income, not what you wrote off.
Your local bank almost certainly won't offer this. It's a non-QM product — meaning it falls outside conventional lending rules.
We work with 200+ wholesale lenders. Several specialize in 1099 borrowers. That competition drives better pricing than going direct to one lender.
The biggest mistake 1099 borrowers make: filing taxes aggressively and then expecting lenders to ignore all those write-offs. They won't.
With a 1099 loan, your gross income is what counts. If your 1099s show $90k, that's your qualifying number — not the $34k after deductions on your return.
Bank Statement Loans use 12-24 months of deposits to qualify. Good if your 1099s don't fully reflect what you actually earn.
Profit & Loss loans work better for business owners with mixed income. If you're a pure contractor, the 1099 route is cleaner and faster.
Los Banos has affordable entry points compared to the Bay Area. That makes down payment requirements more manageable for 1099 borrowers.
As of April 2026, Merced County loan limits apply here. Those limits affect how much you can borrow before jumping to a jumbo product.
Most lenders want two years. Some accept one year with strong income and credit. Two years builds the strongest file.
You can, but heavy deductions usually kill your qualifying income. The 1099 loan exists to bypass that problem.
Typically 10-20% down. The exact amount depends on your credit score and the lender's guidelines.
Yes, non-QM rates run higher than conventional. Rates vary by borrower profile and market conditions.
Mixed income is fine. We can often use both sources together to strengthen your qualifying profile.