Question 1

Can I use both 1099s and bank statements?

Accepted Answer

Some lenders allow blended documentation. We shop across 200+ wholesale lenders to find who accepts your exact income mix.

Question 2

Which loan has lower rates?

Accepted Answer

Rates vary by borrower profile and market conditions. Neither program is always cheaper — your credit score and down payment drive pricing.

Question 3

Do both loans require good credit?

Accepted Answer

Most lenders want at least a 640 score for these non-QM products. Higher scores improve your rate significantly.

Question 4

How much can I borrow in Napa County?

Accepted Answer

Non-QM loans aren't bound by conforming limits. Loan size depends on your documented income and the lender's guidelines.

Question 5

How long does approval take for these loans?

Accepted Answer

Non-QM loans typically take 3–4 weeks. Having 24 months of clean statements or 1099s ready speeds things up.

Question 6

What down payment do these loans require?

Accepted Answer

Most lenders want 10–20% down for non-QM loans. Exact requirements depend on your credit profile and loan size.

1099 Loans vs Bank Statement Loans in Yountville