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Cupertino runs on tech. A huge share of workers here are contractors, consultants, and freelancers — none of whom fit neatly on a W-2.
1099 loans are built for exactly this borrower. They use your actual contract income, not a tax return that's been gutted by deductions.
620–660
Min Credit Score
1-2 Yrs 1099s
Income Docs
10–20%
Down Payment
24 Months Typical
Self-Employed History
12+ Months
Reserves Required
1099 Loans in Cupertino
Most lenders want 1-2 years of 1099 forms. Some also ask for a CPA letter confirming you're self-employed and still active.
Credit score minimums typically start around 620-660. Down payment requirements vary but expect at least 10-20% for most programs.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Cupertino.
Cupertino runs on tech. A huge share of workers here are contractors, consultants, and freelancers — none of whom fit neatly on a W-2.
1099 loans are built for exactly this borrower. They use your actual contract income, not a tax return that's been gutted by deductions.
Most lenders want 1-2 years of 1099 forms. Some also ask for a CPA letter confirming you're self-employed and still active.
Big retail banks rarely offer 1099 loans. This is non-QM territory — meaning you need a broker with access to specialty wholesale lenders.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize specifically in contractor and gig income borrowers.
The mistake I see constantly: contractors show me tax returns with $40K taxable income on $200K in actual earnings. That's a W-2 problem, not a 1099 problem.
With the right lender, we use your gross 1099 income — before write-offs. That's a completely different qualifier than what a bank sees.
Bank Statement Loans use 12-24 months of deposits instead of 1099s. If your income flows through a business account, that may be a stronger path.
Asset Depletion Loans work if you're sitting on significant reserves but have inconsistent contract income. Both are worth running side by side.
Cupertino home prices are among the highest in Santa Clara County. That means loan amounts often push into jumbo territory, which narrows lender options.
Non-QM jumbo for 1099 borrowers is a tighter market. Reserves matter more here — expect lenders to want 12+ months of payments in savings.
Some lenders accept 12 months. Most want two years. One-year programs typically require stronger credit and larger down payments.
Gross income — before write-offs. That's the core advantage of a 1099 loan over a conventional mortgage.
Multiple clients actually helps. It shows income diversification, which most non-QM lenders view as lower risk.
Yes, typically. Non-QM pricing reflects added lender risk. Rates vary by borrower profile and market conditions.
Loan amounts often exceed conforming limits in Cupertino. That means jumbo non-QM, which has stricter reserve requirements.
Most lenders require at least 24 months of self-employment history. Some accept 12 months with strong compensating factors.