Loading
Loading
Del Mar attracts high-earning consultants, executives, and freelancers. Many can't qualify with a W-2 — because they don't have one.
1099 loans use your contractor income directly. No tax return averaging. No employer verification calls.
620+
Min Credit Score
1-2 Years
1099 History Required
Non-QM
Loan Type
Gross 1099
Income Used
1099 Loans in Del Mar
Most lenders want 1-2 years of 1099 forms showing consistent income. Some accept a single year if the income is strong.
Credit score requirements typically start at 620. Better scores open better rates. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Del Mar.
Del Mar attracts high-earning consultants, executives, and freelancers. Many can't qualify with a W-2 — because they don't have one.
1099 loans use your contractor income directly. No tax return averaging. No employer verification calls.
Most lenders want 1-2 years of 1099 forms showing consistent income. Some accept a single year if the income is strong.
Big retail banks almost never offer 1099 loans. This is a non-QM product — and not every lender touches non-QM.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in 1099 income structures for high-cost California markets.
The biggest mistake I see: 1099 earners trying to qualify at a bank and getting denied. Then they wait. Don't wait.
Lenders underwrite your gross 1099 income — not your taxable income after deductions. That's a huge difference for most contractors.
Bank Statement Loans let you use 12-24 months of deposits instead of 1099 forms. Better fit if your income flows through a business account.
Asset Depletion Loans work if you hold significant liquid assets. No income documentation required at all — just verified account balances.
Del Mar sits in one of San Diego County's most expensive zip codes. Loan amounts here often push into jumbo territory.
Many 1099 earners in this area work in tech, biotech, or real estate. Lenders see this profile often — it's a workable scenario.
Some lenders accept one year if your income is strong and consistent. Two years is the safer standard.
Yes, typically. Non-QM pricing reflects added lender risk. Rates vary by borrower profile and market conditions.
1099 loans use your gross 1099 income — not your tax return figure. That's the core advantage of this product.
Yes. Several non-QM lenders offer jumbo amounts for qualified 1099 borrowers in high-cost California markets.
Most lenders want at least two years in the same field. Some accept one year with strong compensating factors.