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Hollister has a strong base of contractors, ag workers, and freelancers. Many earn solid income but can't show it on a W-2.
1099 loans exist for exactly that borrower. Your tax return doesn't have to tell the whole story.
620 (typical)
Min Credit Score
12–24 months
1099 History Needed
Non-QM
Loan Type
Gross 1099 earnings
Income Method
1099 Loans in Hollister
Lenders typically want 1-2 years of 1099 forms. They use your gross 1099 earnings, not your taxable income after deductions.
Credit requirements vary by lender. Most want a 620+ score, but stronger profiles can go lower with the right lender.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Hollister.
Hollister has a strong base of contractors, ag workers, and freelancers. Many earn solid income but can't show it on a W-2.
1099 loans exist for exactly that borrower. Your tax return doesn't have to tell the whole story.
Lenders typically want 1-2 years of 1099 forms. They use your gross 1099 earnings, not your taxable income after deductions.
Most big banks won't touch 1099 loans. They only do conventional or FHA, which demand full tax return qualification.
Wholesale lenders built for non-QM products are where these deals actually get done. That's our lane.
The biggest mistake I see: borrowers apply at their local bank, get denied, and assume they can't buy. That's wrong.
Your write-offs hurt you on a conventional loan. A 1099 loan flips that. Gross income is the number that matters.
Bank Statement Loans use 12-24 months of deposits instead of 1099s. Better fit if your income flows through a business account.
Profit & Loss loans work if your CPA prepares a P&L statement. Each doc type fits a different kind of self-employed borrower.
San Benito County has a large share of agricultural contractors and small trade businesses. 1099 income is the norm here, not the exception.
Hollister home prices make 1099 loans a realistic path. You don't need a jumbo loan to buy here, which keeps underwriting simpler.
Most lenders want 24 months. Some will approve with 12 months if your income is consistent and your credit is strong.
No. Lenders use your gross 1099 earnings. Deductions that reduce your taxable income don't reduce your qualifying income here.
Most programs start at 620. Better rates come with higher scores, and some lenders go below 620 with strong compensating factors.
No. A 1099 loan uses your contractor income forms. A bank statement loan uses deposit history. Different docs, different programs.
Yes. Some 1099 programs allow 10-15% down. Exact minimums depend on your credit profile and the lender. Rates vary by borrower profile and market conditions.