Question 1

Can I use one year of 1099s to qualify in Graeagle?

Accepted Answer

Some lenders allow it with strong credit and reserves. Two years is standard and produces better pricing.

Question 2

Does a 1099 loan work for a vacation home in Graeagle?

Accepted Answer

Yes, but second-home pricing adds to your rate. Expect stricter reserve requirements compared to a primary residence.

Question 3

What credit score do I need for a 1099 loan?

Accepted Answer

Most non-QM lenders floor at 620. Scores above 700 open better rate tiers and lower down payment options.

Question 4

How is my income calculated on a 1099 loan?

Accepted Answer

Lenders average your 1099 earnings over 12–24 months. Bank deposits may supplement the income picture.

Question 5

Are 1099 loan rates higher than conventional rates?

Accepted Answer

Yes. Non-QM pricing carries a premium over conventional. Rates vary by borrower profile and market conditions.

1099 Loans in Graeagle, CA for Independent Earners