Question 1

Do I need two years of 1099 income to qualify in Weed?

Accepted Answer

Most lenders want two years. Some will work with one year if your income is strong and stable.

Question 2

Can I use 1099 income from multiple clients?

Accepted Answer

Yes. Lenders add up all your 1099 sources. Bring forms from every client you worked with.

Question 3

Will my tax deductions hurt my 1099 loan qualification?

Accepted Answer

No — that's the point of this loan. Lenders use your gross 1099 income, not your taxable income after write-offs.

Question 4

What property types are eligible in Siskiyou County?

Accepted Answer

Single-family homes are straightforward. Acreage and rural properties need lender review. Not every non-QM lender covers rural Siskiyou.

Question 5

How is a 1099 loan different from a Bank Statement Loan?

Accepted Answer

1099 loans use your contractor forms to prove income. Bank Statement Loans use deposit history instead. Both are non-QM options.

1099 Loans in Weed, CA for Independent Contractors