Question 1

Can I use one year of 1099s to qualify?

Accepted Answer

Some lenders accept one year. Two years is stronger and opens more programs. Your income trend matters — rising earnings help your case.

Question 2

Do 1099 loans have higher rates than conventional loans?

Accepted Answer

Yes, typically. Non-QM products carry more lender risk. Rates vary by borrower profile and market conditions — a strong credit score and larger down payment help.

Question 3

What if my income varies month to month?

Accepted Answer

Lenders average your 1099 income over 12-24 months. Consistent overall earnings matter more than monthly swings.

Question 4

Can I buy a home in Isleton with 1099 income only?

Accepted Answer

Yes. 1099 income is your qualifying income on this program. You don't need a W-2 or pay stubs.

Question 5

How is a 1099 loan different from a bank statement loan?

Accepted Answer

A 1099 loan uses your contractor forms directly. A bank statement loan uses deposit history. Both are non-QM — the right fit depends on how your income flows.

Question 6

Does SRK CAPITAL offer 1099 loans in Sacramento County?

Accepted Answer

Yes. We work with multiple wholesale lenders who specialize in 1099 and non-QM programs throughout California, including Sacramento County.

1099 Loans in Isleton — Built for Independent Earners