Question 1

Can I use one year of 1099s to qualify in Suisun City?

Accepted Answer

Some lenders accept 12 months. Most want 24. A strong credit profile and consistent income improve your chances with 12-month programs.

Question 2

Do 1099 loans have higher rates than conventional loans?

Accepted Answer

Yes, typically. Non-QM loans carry more risk for lenders. Rates vary by borrower profile and market conditions.

Question 3

What if my income varies month to month?

Accepted Answer

Lenders average your 1099 income over 12 or 24 months. Seasonal variation is common — it usually doesn't disqualify you.

Question 4

How much do I need for a down payment?

Accepted Answer

Most 1099 programs require 10–20% down. Higher down payments can offset weaker credit or shorter income history.

Question 5

Can I use a 1099 loan to buy investment property in Solano County?

Accepted Answer

Yes. Several non-QM lenders offer 1099 programs for investment properties. Terms differ from owner-occupied purchases.

Question 6

Why can't I just use a conventional loan?

Accepted Answer

Conventional loans use tax return income. If your write-offs reduce taxable income significantly, you may not qualify — even with high gross earnings.

1099 Loans in Suisun City, CA for Independent Contractors