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Yucaipa attracts self-employed buyers — contractors, consultants, truckers, and tradespeople working the Inland Empire.
If your income shows up on 1099s, not W-2s, a conventional loan will likely reject you. A 1099 loan is built for exactly your situation.
620+
Min Credit Score
1-2 Yrs of 1099s
Income Docs
10-20%
Min Down Payment
Non-QM
Loan Type
2 Years Preferred
Self-Employment History
Most lenders want 1-2 years of 1099s to document your income. They average what you earned across that period.
Credit score requirements typically start around 620. Expect to put down at least 10-20%, depending on the lender.
Big retail banks don't offer 1099 loans. This product lives in the wholesale and non-QM lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. We find who prices this loan competitively for your profile.
The biggest mistake 1099 borrowers make: writing off too much on taxes. Low taxable income kills your approval.
Your 1099s tell the real story. Lenders average gross 1099 income — before your Schedule C deductions hit it.
Bank Statement Loans use 12-24 months of deposits instead of 1099s. Better fit if your income is hard to document.
P&L Loans work from a CPA-prepared profit and loss statement. Each option fits a different type of self-employed borrower.
Yucaipa sits in San Bernardino County. Many buyers here are tradespeople, owner-operators, and gig economy earners.
San Bernardino County has no county-specific 1099 loan overlays. Your lender's guidelines drive the rules.
Most 1099 loan programs don't require tax returns. Lenders qualify you using 1-2 years of 1099 income documents instead.
Most lenders want 2 years. Some accept 1 year with strong compensating factors like a high credit score or larger down payment.
1099 loans use gross income before Schedule C deductions. Heavy write-offs hurt conventional loans, not this product.
Most lenders start at 620. Better scores get better rates — 700+ puts you in stronger pricing tiers. Rates vary by borrower profile and market conditions.
No. You still document income — using your actual 1099s. Stated income loans required no proof at all and are largely gone.
We shop your file across 200+ wholesale lenders. That means finding who prices 1099 income favorably for your specific deal.
1099 Loans in Yucaipa