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Victorville has a large base of self-employed workers, contractors, and gig earners. Traditional loans routinely reject these borrowers — not because they can't pay, but because W-2s don't exist.
A 1099 loan uses your actual 1099 income forms instead of tax returns. Lenders look at what you earned, not what your accountant wrote off.
620+
Min Credit Score
1-2 Yrs of 1099s
Income Docs
10%
Min Down Payment
Non-QM
Loan Type
Most lenders want 1-2 years of 1099 forms showing consistent income. You'll also need a credit score of at least 620, though 680+ gets you better pricing.
Down payment requirements typically start at 10%. Debt-to-income ratio still matters — lenders calculate it using your 1099 gross, not your taxable income.
Big banks rarely offer 1099 loans. This product lives in the non-QM (non-qualified mortgage) space — specialty lenders who write their own guidelines.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in 1099 and self-employed programs. That access matters when one lender's rate or guidelines beat another's by a wide margin.
Bankrate's latest survey shows 30-year rates at 6.27%. For 1099 borrowers, non-QM pricing runs slightly higher — plan for a modest spread above conforming rates. Rates vary by borrower profile and market conditions.
The biggest mistake 1099 borrowers make: filing taxes with heavy deductions the year before applying. Those write-offs tank your qualifying income. Talk to us before tax season if you're planning to buy.
Bank statement loans are the closest alternative. They average your deposits over 12-24 months instead of using 1099 forms. If your deposits are strong but your 1099s are inconsistent, that path may work better.
Profit & Loss statement loans fit borrowers who operate through an LLC or S-corp. If you receive 1099s directly as an individual, the 1099 loan is usually the cleaner fit.
San Bernardino County has a high concentration of truckers, logistics workers, and construction subcontractors. Most earn 1099 income. This loan was built for exactly that profile.
Victorville home prices are lower than coastal California markets. That helps — smaller loan amounts mean less risk exposure and sometimes more lender flexibility on guidelines.
Most lenders want two years. Some will approve with one year if your income is strong and consistent. We can match you to the right lender based on your timeline.
Yes. If you have both income types, some lenders will blend them. It often strengthens your qualifying income significantly.
Below 640, options shrink and rates climb. At 680 or above, you access better pricing tiers. A few points can meaningfully change your rate.
Yes. Non-QM lenders often approve 1099 loans on investment properties. Expect higher down payment requirements, typically 20-25%.
Declining income is a red flag for lenders. They may average both years or use the lower year. We'll review your situation before you apply.
1099 Loans in Victorville