Question 1

Can I use both 1099s and bank statements together?

Accepted Answer

Some lenders allow a hybrid approach. SRK CAPITAL shops programs across 200+ wholesale lenders to find that flexibility.

Question 2

Do these loans cost more than conventional loans?

Accepted Answer

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

Question 3

What credit score do I need for either loan?

Accepted Answer

Most non-QM lenders want at least a 620. Stronger scores get better pricing on both programs.

Question 4

How much can I put down on these loans?

Accepted Answer

Most programs require 10-20% down. Higher down payments can offset weaker credit or income documentation.

Question 5

Can I buy an investment property in Highland with these loans?

Accepted Answer

Yes. Both programs allow investment property purchases. Reserve requirements are typically stricter on those deals.

1099 Loans vs Bank Statement Loans in Highland, CA