Question 1

Can I use both 1099s and bank statements together?

Accepted Answer

Some lenders allow blended income documentation. We shop across 200+ wholesale lenders to find programs that accept your specific income mix.

Question 2

Do these loans work for Roseville jumbo amounts?

Accepted Answer

Yes. Both 1099 and bank statement loans have jumbo options. Loan limits vary by lender and your qualifying income.

Question 3

What credit score do I need for either loan?

Accepted Answer

Most non-QM lenders want at least 620-640. Higher scores open better rates and lower down payment options.

Question 4

How much down payment is required?

Accepted Answer

Expect 10-20% down for most non-QM programs. Exact requirements depend on credit score, loan size, and lender guidelines.

Question 5

Will my tax write-offs kill my qualifying income?

Accepted Answer

On a 1099 loan, no — gross 1099 income is used. Bank statement loans may apply an expense ratio, which can reduce your qualifying number.

Question 6

How long does it take to close a non-QM loan in Roseville?

Accepted Answer

Non-QM loans typically close in 21-30 days. Having 12-24 months of clean statements or 1099s ready speeds things up.

1099 Loans vs Bank Statement Loans in Roseville, CA