Loading
Orange County has a dense concentration of freelancers, consultants, and contractors. Many earn strong incomes but can't qualify through traditional W-2 underwriting.
1099 loans are non-QM products — meaning they fall outside standard Fannie Mae and Freddie Mac guidelines. Lenders use your 1099 forms instead of tax returns to verify income.
620+
Min Credit Score
12-24 Mo. 1099s
Income Docs
10-20% Typical
Down Payment
2 Years Preferred
Self-Employment History
Non-QM
Loan Type
Most lenders want 12-24 months of 1099 forms. They average your gross earnings — not what's left after business deductions on your Schedule C.
Credit score minimums typically start at 620. Expect to put down at least 10-20%, depending on the lender and your income profile.
Retail banks rarely offer 1099 loans. This product lives in the wholesale and non-QM lending space — which is exactly where we operate.
SRK CAPITAL shops across 200+ wholesale lenders. We find the ones with the most favorable 1099 income calculations and competitive rates for your profile.
The biggest mistake 1099 borrowers make: they write off too much on taxes. Low taxable income kills your approval at conventional lenders.
With 1099 loans, your gross earnings do the work. A contractor netting $50K after deductions but earning $140K in 1099 income has real buying power here.
Bank statement loans are the closest alternative. They use 12-24 months of deposits instead of 1099s — better if your income flows through a business account.
Profit & Loss loans work if you have a CPA prepare a current P&L. Each option has different documentation triggers. We match you to the right one.
Laguna Hills sits in South Orange County — an area with high home prices and a large population of independent professionals in tech, healthcare, and creative fields.
Property values here demand real borrowing power. A 1099 loan that accurately reads your gross income can close the gap conventional underwriting leaves open.
Some lenders accept 12 months. Most want 24. Strong credit and a larger down payment can sometimes offset a shorter history.
Yes, most lenders average 24 months of gross 1099 earnings. A significant income drop in year two can hurt your qualifying number.
No — that's the point of this product. Lenders use your gross 1099 income, not your taxable income after deductions.
Most non-QM lenders start at 620. Higher scores above 700 typically improve your rate and down payment options.
Rates run higher than conventional. That's the trade-off for flexible income documentation. Rates vary by borrower profile and market conditions.
A 1099 loan uses your IRS income forms. A bank statement loan uses actual deposits. Your income structure determines which fits better.
1099 Loans in Laguna Hills