Question 1

Can I use one year of 1099 income to qualify?

Accepted Answer

Some lenders accept one year if your income is strong and consistent. Two years is the safer standard.

Question 2

Do 1099 loans have higher rates than conventional?

Accepted Answer

Yes, typically. Non-QM pricing reflects added lender risk. Rates vary by borrower profile and market conditions.

Question 3

What if my tax returns show low income after deductions?

Accepted Answer

1099 loans use your gross 1099 income — not your tax return figure. That's the core advantage of this product.

Question 4

Can I get a jumbo 1099 loan for Del Mar?

Accepted Answer

Yes. Several non-QM lenders offer jumbo amounts for qualified 1099 borrowers in high-cost California markets.

Question 5

How long do I need to be self-employed to qualify?

Accepted Answer

Most lenders want at least two years in the same field. Some accept one year with strong compensating factors.

1099 Loans in Del Mar for Independent Earners