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Los Altos Hills runs on 1099 income. Consultants, tech contractors, and founders dominate this zip code.
Traditional lenders see variable income and pump the brakes. A 1099 loan is built for exactly this borrower.
660+
Min Credit Score
1-2 Years 1099s
Income Docs
Non-QM
Loan Type
1-2 Years Min
Self-Employment History
1099 Loans in Los Altos Hills
Lenders use your 1099 forms — typically one to two years — to calculate qualifying income.
Strong credit and solid reserves matter more here than with conventional loans. Expect a minimum 660 credit score at most lenders.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Los Altos Hills.
Los Altos Hills runs on 1099 income. Consultants, tech contractors, and founders dominate this zip code.
Traditional lenders see variable income and pump the brakes. A 1099 loan is built for exactly this borrower.
Lenders use your 1099 forms — typically one to two years — to calculate qualifying income.
Big retail banks rarely offer 1099 loans. This product lives in the wholesale and non-QM lending space.
SRK CAPITAL works with 200+ wholesale lenders. We find which ones price 1099 income most favorably for your profile.
The biggest mistake 1099 borrowers make: writing off too much. Aggressive deductions crush your qualifying income.
We pull your 1099s and run the numbers before you apply. That prevents ugly surprises mid-transaction.
Bank statement loans work better if your deposits are strong but your 1099s look inconsistent.
Asset depletion loans fit borrowers with large portfolios and lower active income. Your situation determines the right tool.
Los Altos Hills properties are priced at the top of Santa Clara County. Loan amounts here push into jumbo territory.
Non-QM jumbo 1099 loans exist — but expect tighter reserve requirements and more lender scrutiny on income consistency.
Some lenders accept one year. Two years is stronger and opens more programs.
Yes. Lenders use gross 1099 income minus certain expenses. Heavy deductions reduce your qualifying number.
Most non-QM lenders want 660 or higher. A stronger score improves your rate. Rates vary by borrower profile and market conditions.
A 1099 loan uses your tax forms to document income. Bank statement loans use deposit history instead.
Yes. Non-QM lenders offer jumbo 1099 programs. Reserve requirements are typically higher on larger loan amounts.