Question 1

Can I qualify with only one year of 1099 income?

Accepted Answer

Some lenders accept 12 months if your contractor income is substantial and deposits show consistency. Two years opens more programs with better rates.

Question 2

Do business write-offs hurt my 1099 loan application?

Accepted Answer

Not with these programs. Lenders look at gross 1099 income before deductions, so write-offs don't reduce your qualifying power like they do with conventional loans.

Question 3

What if my 1099 income varies by season or project?

Accepted Answer

Lenders average your income over 12-24 months. Large fluctuations require explanation, but seasonal patterns in tech consulting are understood and accepted.

Question 4

How do crypto holdings affect my San Bruno 1099 loan?

Accepted Answer

Select lenders now count verified crypto as reserves or income. Matters most for tech contractors with significant digital asset positions alongside 1099 earnings.

Question 5

Are rates much higher than conventional loans?

Accepted Answer

Expect 0.50-1.50% above conventional rates as of February 2026. On a $700K loan, that's $250-750 monthly, but you actually get approved unlike conventional denials.

1099 Loans in San Bruno: Financing That Matches Your Income Structure