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Dixon sits in Solano County between Sacramento and the Bay Area. It attracts contractors, truckers, and self-employed workers who commute or work regionally.
Traditional lenders reject 1099 earners constantly. Your tax returns show deductions — not your real income. That's exactly who this loan is built for.
620+
Min Credit Score
No
W-2 Required?
10-20%
Down Payment
1-2 Years
1099 History Needed
Non-QM
Loan Type
1099 Loans in Dixon
Lenders use your 1099 forms — typically 1 to 2 years — to calculate income. No W-2 required. No employer verification needed.
Most programs want a 620+ credit score and 10-20% down. Debt-to-income ratios are evaluated more flexibly than conventional loans.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Dixon.
Dixon sits in Solano County between Sacramento and the Bay Area. It attracts contractors, truckers, and self-employed workers who commute or work regionally.
Traditional lenders reject 1099 earners constantly. Your tax returns show deductions — not your real income. That's exactly who this loan is built for.
Lenders use your 1099 forms — typically 1 to 2 years — to calculate income. No W-2 required. No employer verification needed.
Most big banks don't offer 1099 loans. These are non-QM products — meaning they fall outside standard agency guidelines.
Wholesale lenders specialize in this space. Working with a broker gives you access to programs a retail bank simply won't have on the shelf.
The biggest mistake I see: 1099 earners apply at their personal bank and get denied. Then they wait months before calling a broker.
We pull your 1099s, run the income calc across multiple lenders, and find who gives you the highest qualifying income. That directly affects your purchase price.
Bank statement loans use 12-24 months of deposits instead of 1099s. If your business expenses run high, bank statements may qualify you for more.
Profit and loss loans work better for contractors with clean books. The right product depends on how your income looks on paper — not just how much you earn.
Solano County has a large population of independent truckers, agricultural contractors, and tradespeople. Many earn strong 1099 income but struggle with bank approvals.
Dixon's lower price point compared to the Bay Area means loan amounts are more manageable. That works in your favor on non-QM programs where rates run higher.
Some lenders accept one year. Most prefer two. One-year programs typically require stronger credit and larger down payments.
Yes — non-QM loans price higher than conventional. Rates vary by borrower profile and market conditions, but the gap is often manageable given your qualifying flexibility.
Lenders may average two years or use the most recent year only. A drop raises flags — we find lenders who handle income variation best.
Yes, 10% down is available on some programs. Lower down payments often require stronger credit and reserves.
Lenders take your gross 1099 income — before business deductions — and apply an expense factor. Each lender runs this differently.
Expect 21-30 days with complete documentation. Missing or inconsistent 1099s are the most common delay we see.