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Fontana has a large base of self-employed workers, contractors, and gig earners. Traditional loans shut them out — 1099 loans don't.
The Inland Empire economy runs on independent labor. Truckers, tradespeople, and freelancers all need mortgage options built for how they actually earn.
620+
Min Credit Score
1-2 Years 1099s
Income History Needed
Non-QM
Loan Category
Gross 1099 Income
Income Method
You qualify using your 1099 forms — typically one to two years. No pay stubs, no employer verification required.
Lenders want to see consistent 1099 income and a credit score usually above 620. Stronger credit opens better pricing.
Most retail banks won't touch 1099 loans. This product lives in the wholesale and non-QM lending world.
SRK CAPITAL has direct access to non-QM lenders who specialize in contractor income. Rates vary — but options exist across credit profiles. Rates vary by borrower profile and market conditions.
The biggest mistake 1099 borrowers make: writing off too much income on taxes. Lower taxable income kills your qualifying number.
If your Schedule C shows losses or heavy deductions, a 1099 loan using gross 1099 income — not net — can be the fix. That distinction matters a lot.
Bank statement loans use 12-24 months of deposits to qualify. 1099 loans use your actual contractor income forms. Each fits a different borrower type.
If you run a business with mixed income, a P&L loan or bank statement loan might outperform. SRK CAPITAL runs the numbers on each before recommending one.
Fontana sits in the heart of the Inland Empire logistics corridor. Truck drivers, warehouse contractors, and independent tradespeople are everywhere here.
Many Fontana borrowers earn strong 1099 income but get denied at big banks. This loan program was built for exactly that situation.
Some lenders accept one year. Most want two. Stronger credit and reserves improve your odds with one-year programs.
Not always, but proof of self-employment helps. Some lenders require it — others just need the 1099 forms.
Lenders average your 1099 income over one to two years. They may use gross income, bypassing your tax return deductions.
Yes, typically. Non-QM loans carry more lender risk. Rates vary by borrower profile and market conditions.
Most lenders start at 620. Better scores unlock lower rates and higher loan amounts.
Yes. That's the core use case. As long as you have documented 1099 income, lenders will review your file.
1099 Loans in Fontana