Question 1

Can I use just one year of 1099s in Needles?

Accepted Answer

Some lenders allow it with strong income and reserves. Two years is still the cleaner path to approval.

Question 2

Do 1099 loans cost more than conventional loans?

Accepted Answer

Yes — non-QM rates run higher than conventional. Lower loan amounts in Needles can offset some of that cost. Rates vary by borrower profile and market conditions.

Question 3

What credit score do I need for a 1099 loan?

Accepted Answer

Most non-QM lenders start at 620. A higher score gets you better rates and more program options.

Question 4

How is my income calculated on a 1099 loan?

Accepted Answer

Lenders use your gross 1099 income — not what's left after deductions. That's the core advantage over conventional qualifying.

Question 5

Can I buy in Needles with a 1099 loan if I work remotely?

Accepted Answer

Yes. Where you work doesn't affect eligibility. What matters is your documented 1099 income history.

1099 Loans in Needles, CA for Independent Earners