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National City sits in the heart of San Diego County. Contractors and freelancers here face the same problem everywhere: tax returns that don't show real income.
1099 loans bypass that problem. Lenders qualify you on what you actually earn, not what survives your deductions.
640+
Min Credit Score
12-24 Mo 1099s
Income Docs
10-20%
Down Payment
2 Years Typical
Self-Employment History
Non-QM
Loan Type
1099 Loans in National City
Most 1099 loans use one or two years of 1099 forms to calculate income. Your gross earnings matter more than your taxable income.
Expect lenders to want a 640+ credit score, 10-20% down, and 12-24 months of 1099s. Reserves help. 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 National City.
National City sits in the heart of San Diego County. Contractors and freelancers here face the same problem everywhere: tax returns that don't show real income.
1099 loans bypass that problem. Lenders qualify you on what you actually earn, not what survives your deductions.
Most 1099 loans use one or two years of 1099 forms to calculate income. Your gross earnings matter more than your taxable income.
Big banks almost never offer 1099 loans. These are non-QM products, meaning they sit outside standard Fannie Mae and Freddie Mac guidelines.
Wholesale lenders who specialize in non-QM are where these loans live. We work with 200+ of them — that matters when you're pricing a product this specialized.
The biggest mistake 1099 borrowers make: applying at their personal bank first. You'll get denied and take a credit inquiry hit for nothing.
Come in with two years of 1099s organized, a current client contract if you have one, and know your average monthly gross. That prep speeds everything up.
Bank statement loans are the closest alternative. They use 12-24 months of deposits instead of 1099s — better if your income flows through a business account.
P&L loans work if your accountant prepares a clean profit and loss statement. 1099 loans are the simplest path if your income is straightforward contractor pay.
National City has a dense mix of small business owners, tradespeople, and independent contractors. 1099 income is the norm here, not the exception.
San Diego County property values mean loan amounts that push into jumbo territory. Non-QM lenders cover those ranges — conventional limits won't always cut it.
Some lenders allow one year, but most want two. One-year programs usually carry stricter credit and reserve requirements.
Most lenders want a two-year self-employment history. Less than that narrows your options significantly.
No — that's the point of a 1099 loan. Lenders use gross 1099 income, not your taxable income after deductions.
Non-QM lenders often go well above conforming limits. Your income, credit, and down payment determine the ceiling.
Yes, typically. Non-QM carries more lender risk. Rates vary by borrower profile and market conditions.
Yes. Multiple clients are fine. Lenders look at the consistency and total of your 1099 earnings across sources.