Question 1

Can I use both 1099s and bank statements together?

Accepted Answer

Some lenders allow blended doc programs. We shop across 200+ wholesale lenders to find who accepts your specific income mix.

Question 2

Do these loans work for Napa wine industry business owners?

Accepted Answer

Yes. Both programs are designed for self-employed borrowers. Bank statement loans tend to fit winery owners best.

Question 3

How many months of bank statements do I need?

Accepted Answer

Most lenders require 12 months minimum. Some programs want 24 months for stronger qualification.

Question 4

Will my tax write-offs hurt my 1099 loan?

Accepted Answer

Less than you'd think. 1099 loans focus on gross 1099 income, not net after deductions. Your write-offs carry less weight.

Question 5

Are credit score requirements different between the two?

Accepted Answer

Both are non-QM loans and typically require at least a 620 credit score. Some lenders go lower with stronger assets.

Question 6

Which loan closes faster in St. Helena?

Accepted Answer

Timelines depend on documentation readiness. Having 12 months of clean statements or two years of 1099s ready speeds things up.

1099 Loans vs Bank Statement Loans in St. Helena