Question 1

How many years of 1099s do I need to qualify in Apple Valley?

Accepted Answer

Most lenders require 12-24 months of 1099s. Some accept 12 months with strong, consistent income history.

Question 2

Can I use write-offs and still qualify with a 1099 loan?

Accepted Answer

Yes. 1099 loans use gross earnings, not net after deductions. That's the core advantage over a conventional loan.

Question 3

Are 1099 loans more expensive than conventional loans?

Accepted Answer

Typically yes. Rates run higher than conventional pricing. Rates vary by borrower profile and market conditions.

Question 4

What credit score do I need for a 1099 loan?

Accepted Answer

Most lenders start at 620. Scores above 700 get meaningfully better rates on non-QM products like this one.

Question 5

Can I buy a primary home with a 1099 loan in Apple Valley?

Accepted Answer

Yes. 1099 loans work for primary residences, second homes, and investment properties. Lender terms vary by property type.

Question 6

Does SRK CAPITAL work with 1099 borrowers in San Bernardino County?

Accepted Answer

Yes. We have access to 200+ wholesale lenders and shop multiple non-QM options for Apple Valley 1099 borrowers.

1099 Loans in Apple Valley: Financing Built for Independent Earners