Question 1

Can I qualify if I mix W-2 and 1099 income?

Accepted Answer

Yes, but lenders underwrite each income stream separately. Your 1099 income still needs 12-24 months of history even if you have W-2 wages.

Question 2

Do business write-offs hurt my qualifying income?

Accepted Answer

With 1099 loans, no. Lenders use gross 1099 receipts before deductions. That's the entire point—you keep your tax benefits while qualifying on actual earnings.

Question 3

How much can I borrow on 1099 income in Dunsmuir?

Accepted Answer

Most non-QM lenders cap at $3M, but Dunsmuir properties rarely reach those limits. Your debt-to-income ratio matters more than loan size here.

Question 4

What if my 1099 income varies month to month?

Accepted Answer

Lenders average your deposits over 12 or 24 months. Inconsistent income doesn't disqualify you, but expect underwriters to ask for explanations on large swings.

Question 5

Can I use cryptocurrency as reserves on a 1099 loan?

Accepted Answer

Some non-QM lenders now accept verified crypto holdings as qualifying assets. This helps borrowers with digital currency offset lower cash reserves.

1099 Loans in Dunsmuir: Financing for Self-Employed Borrowers