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Aliso Viejo draws a heavy concentration of tech consultants, healthcare contractors, and self-employed professionals. Many earn strong incomes but can't qualify with a W-2.
1099 loans are built for exactly this borrower. Your tax return isn't the qualifier — your actual income documents are.
620+
Min Credit Score
10-20%
Down Payment
1-2 Yrs 1099s
Income Docs
21-30 Days
Typical Close Time
1099 Loans in Aliso Viejo
Lenders typically want 1-2 years of 1099 forms plus proof of active self-employment. Some require a CPA letter confirming your business is ongoing.
Credit score minimums usually start at 620. Expect to put down 10-20% depending on your income strength and reserves.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Aliso Viejo.
Aliso Viejo draws a heavy concentration of tech consultants, healthcare contractors, and self-employed professionals. Many earn strong incomes but can't qualify with a W-2.
1099 loans are built for exactly this borrower. Your tax return isn't the qualifier — your actual income documents are.
Lenders typically want 1-2 years of 1099 forms plus proof of active self-employment. Some require a CPA letter confirming your business is ongoing.
Most big banks won't touch 1099 loans. This product lives in the non-QM (non-qualified mortgage) space, handled by wholesale lenders who specialize in it.
As a broker with 200+ wholesale lenders, we access programs most borrowers never find on their own. Terms vary significantly — rate shopping matters here.
The most common mistake we see: contractors who write off too much on taxes. High deductions crush your taxable income and make approval harder.
If your Schedule C shows $40K after deductions but you grossed $180K, lenders see $40K. A 1099 loan uses your gross 1099 income instead — that's the difference.
Bank statement loans are the closest alternative. They use 12-24 months of deposits instead of 1099s — better if your income comes through a business account.
Profit & loss loans work well if your CPA prepares detailed statements. Asset depletion loans are an option if you have significant savings but inconsistent income.
Aliso Viejo sits in one of California's most expensive counties. Home prices here demand strong borrowing power — 1099 income, when documented right, delivers that.
Orange County contractors in tech, biotech, and professional services often have the income to qualify. The documentation just has to match the lender's program.
Most lenders want two years. Some will work with one year if your income is strong and consistent.
Yes. Lenders can blend both income sources. It often strengthens your file considerably.
On a standard loan, yes. 1099 loans use gross 1099 income, which avoids the write-off problem.
Most programs start at 620. Better rates start appearing at 700 and above. Rates vary by borrower profile and market conditions.
Typically yes. Non-QM loans carry higher rates due to added lender risk. Rates vary by borrower profile and market conditions.
Most close in 21-30 days. Having your 1099s, bank statements, and CPA letter ready speeds things up.