Question 1

Can I qualify with only one year of 1099 income?

Accepted Answer

Some lenders accept 12 months if income is stable. Two years is stronger and opens more programs.

Question 2

Do lenders use my gross 1099 income or net?

Accepted Answer

It depends on the lender. Some average gross 1099 totals. Others apply an expense factor — usually 10–25%.

Question 3

What credit score do I need for a 1099 loan in Hemet?

Accepted Answer

Most non-QM lenders start at 620. Higher scores get better rates. Rates vary by borrower profile and market conditions.

Question 4

Is a 1099 loan the same as a stated income loan?

Accepted Answer

No. You still provide income documentation — 1099 forms and sometimes bank statements. Nothing is simply stated.

Question 5

How much can I borrow with a 1099 loan in Riverside County?

Accepted Answer

Loan limits vary by lender and your documented income. Non-QM programs can go into jumbo ranges for strong borrowers.

Question 6

Why work with SRK CAPITAL for a 1099 loan?

Accepted Answer

SRK CAPITAL shops 200+ wholesale lenders to match your income type with the right program. One application, multiple options.

1099 Loans in Hemet, CA — Built for Independent Earners