Question 1

Can I use both 1099 forms and bank statements together?

Accepted Answer

Some lenders allow combined documentation. We match you with programs that accept your specific income mix.

Question 2

Do I need two years of self-employment history for either loan?

Accepted Answer

Most lenders want at least two years. Some bank statement programs allow one year with strong deposit history.

Question 3

How do write-offs affect my 1099 loan qualification?

Accepted Answer

1099 loans typically use gross 1099 income before deductions. This gives a major advantage over tax return-based loans.

Question 4

Which loan type has lower down payment requirements?

Accepted Answer

Both non-QM programs typically require 10-20% down. Your credit score and loan amount affect where you land in that range.

Question 5

Are these loans available for San Juan Capistrano properties specifically?

Accepted Answer

Yes. We work with 200+ wholesale lenders and close non-QM deals throughout Orange County, including San Juan Capistrano.

Question 6

Which loan type closes faster in most cases?

Accepted Answer

1099 loans often move faster because the doc stack is simpler. Bank statement reviews take more time to underwrite.

1099 Loans vs Bank Statement Loans in San Juan Capistrano