Question 1

Do I need two full years of 1099 income to qualify in Calistoga?

Accepted Answer

Most lenders want 24 months of 1099s. Some allow 12 months with strong compensating factors like high credit or large reserves.

Question 2

Can I use my 1099 income if I also have some W-2 income?

Accepted Answer

Yes. Mixed income is allowed. Lenders will document both sources and may combine them for qualifying purposes.

Question 3

Will heavy tax write-offs hurt my 1099 loan application?

Accepted Answer

Not the way they hurt a conventional loan. Most 1099 programs use gross income from your forms, not your taxable net.

Question 4

Are 1099 loan rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM programs carry a rate premium for the added flexibility. Rates vary by borrower profile and market conditions.

Question 5

What if my 1099 income is seasonal — like wine harvest consulting?

Accepted Answer

Seasonal income is common in Napa. Lenders average it over 24 months, so consistent year-over-year earnings matter most.

1099 Loans in Calistoga for Self-Employed Borrowers