Question 1

Can I apply for both and compare?

Accepted Answer

Yes. SRK CAPITAL runs both scenarios. We show you which program qualifies you for more.

Question 2

Do these loans cost more than conventional loans?

Accepted Answer

Non-QM loans carry higher rates than conventional financing. Rates vary by borrower profile and market conditions.

Question 3

How many months of 1099s do I need?

Accepted Answer

Most lenders want 12 to 24 months of 1099s. Two years gives you the strongest file.

Question 4

Which loan has stricter credit requirements?

Accepted Answer

Requirements differ by lender. SRK CAPITAL shops 200+ wholesale lenders to find the best fit for your credit profile.

Question 5

What if my 1099 income and bank deposits don't match?

Accepted Answer

That's common for business owners. Bank statement loans often work better when deposits exceed your 1099 totals.

Question 6

Are these loans available for Barstow properties?

Accepted Answer

Yes. Both Non-QM programs are available in San Bernardino County. Property type and loan amount affect lender options.

1099 Loans vs Bank Statement Loans in Barstow, CA