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Indio's economy runs on events, hospitality, and trades. A lot of those workers earn 1099 income — not W-2s.
Traditional lenders reject that income. A 1099 loan is built specifically for how contractors and freelancers actually get paid.
620+
Min Credit Score
12–24 Months
1099 History Needed
10–20%
Down Payment
Non-QM
Loan Type
1099 Loans in Indio
Most lenders want 12–24 months of 1099s. They average your income across that period to determine what you qualify for.
Expect a minimum 620 credit score. Stronger scores open better rates. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Indio.
Indio's economy runs on events, hospitality, and trades. A lot of those workers earn 1099 income — not W-2s.
Traditional lenders reject that income. A 1099 loan is built specifically for how contractors and freelancers actually get paid.
Most lenders want 12–24 months of 1099s. They average your income across that period to determine what you qualify for.
Big banks almost never offer 1099 loans. These come from wholesale and non-QM lenders — and terms vary widely.
At SRK CAPITAL, we shop 200+ wholesale lenders to find the best fit. One submission, multiple options.
The biggest mistake 1099 borrowers make: applying with one lender and taking whatever rate they offer.
We see this constantly. Non-QM pricing swings hard between lenders. A broker earns their fee on deals like this.
Bank Statement Loans let lenders use deposits instead of 1099s. Better option if your write-offs tank your reported income.
If your 1099s show strong gross income with few deductions, the 1099 loan usually gets you a better rate than bank statements.
Indio hosts Coachella, Stagecoach, and a year-round event circuit. Freelancers and contractors here have real, documentable income.
Riverside County's price range fits well within most non-QM loan limits. You don't need a jumbo loan for most Indio purchases.
Most lenders want 24 months. Some accept 12 months with strong credit and reserves.
Yes. Mixed income is common. Lenders will document both sources separately and combine them.
Lenders average your 1099s over 12–24 months. A big event season helps — a slow year drags the average down.
No. 1099 loans use your tax forms as income proof. Bank statement loans use deposit history instead.
Most non-QM lenders start at 620. Better scores mean better rates. Rates vary by borrower profile and market conditions.
Plan for 10–20% down. Lower credit scores typically require more down on non-QM products.