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1099 Loans in Suisun City
Suisun City has grown as a bedroom community for Bay Area tech contractors and freelancers. Travis Air Force Base drives demand for housing, but traditional W-2 lending doesn't work for consultants earning 1099 income.
Most Suisun City neighborhoods sit below the conforming loan limit. That means 1099 borrowers here qualify for non-QM programs without needing jumbo underwriting. You get flexible approval with competitive pricing.
1099 loans use your gross income before business deductions. Lenders pull 12-24 months of 1099 forms to calculate your qualifying income. You need 620+ credit and proof of consistent contracting work.
No tax returns required. That's the entire point. Most contractors write off expenses that tank their AGI but still earn strong gross revenue. This program qualifies you on what you actually make.
SRK CAPITAL works with 15-20 non-QM lenders offering 1099 programs. Pricing varies by how clean your 1099 history is. One client shows consistent quarterly income from three steady clients. Another has lumpy revenue from 15 different sources.
The first borrower gets better pricing. Lenders look for income stability even when your tax classification isn't traditional. If you've been with the same clients for years, expect rates within 0.5% of conventional.
Most 1099 contractors should pull three years of returns before applying. Not to submit them—to see if you actually need this product. Some borrowers qualify conventional despite self-employment once we calculate their two-year average.
If your gross 1099 income is $180K but your AGI after business deductions is $65K, this loan saves the deal. If your AGI is $120K, you might pay less going conventional. Run both scenarios before locking.
Bank statement loans work better if you mix 1099 and business income. Asset depletion loans work if you have liquid assets but inconsistent contracts. 1099 loans work when you have clean contractor income and nothing else.
Profit and loss loans require a CPA letter. 1099 loans don't. If you're a solo contractor who files your own taxes, this is your cleanest path to approval.
Suisun City sits 45 minutes from SF but prices stay reasonable. That attracts Bay Area contractors who want space without the commute cost. Your 1099 income goes further here than in Walnut Creek or San Ramon.
Solano County appraisals move fast. We close most 1099 loans in 25-30 days once you provide your forms. If you're competing against cash offers near Travis AFB, speed matters.
Most lenders want 12-24 months of consistent 1099 forms. One year works if your income is stable and you have strong credit over 700.
That's fine. Lenders total your gross 1099 income across all clients. More clients can actually help if it shows diverse revenue sources.
Yes. 1099 loans work for primary, second homes, and investment properties. Rates adjust based on occupancy and down payment.
Expect 10-15% minimum for owner-occupied homes. Investment properties typically require 20-25% down depending on the lender.
Lenders average your total 1099 income over 12-24 months. Seasonal variation is fine as long as the annual total stays consistent.
Mortgage programs that allow borrowers to qualify based on liquid assets rather than traditional employment income.
Non-QM loans that use 12 to 24 months of bank statements to verify income for self-employed borrowers.
Short-term financing that bridges the gap between buying a new property and selling an existing one.
Debt Service Coverage Ratio loans that qualify investors based on a rental property's income rather than personal income.
Mortgage programs designed for non-US citizens and non-permanent residents who want to purchase property in the United States.
Asset-based short-term loans primarily used by real estate investors for property acquisition and renovation projects.
Mortgages that allow borrowers to pay only the interest for an initial period, resulting in lower monthly payments upfront.
Financing solutions tailored for real estate investors purchasing rental properties, fix-and-flip projects, or investment portfolios.
Home loans for borrowers who have an Individual Taxpayer Identification Number instead of a Social Security number.
Adjustable rate mortgages held in a lender's portfolio rather than sold on the secondary market, offering more flexible terms.
Non-QM mortgages that use a CPA-prepared profit and loss statement to verify income for self-employed borrowers.
Home loans with interest rates that adjust periodically based on market conditions after an initial fixed-rate period.
Specialized mortgage programs designed to support homeownership in underserved communities with flexible qualification criteria.
Mortgages that meet the guidelines and loan limits set by Fannie Mae and Freddie Mac for secondary market purchase.
Financing for building a new home or making major renovations, typically converting to a permanent mortgage upon completion.
Traditional mortgage financing not backed by a government agency, offering flexible terms and competitive rates for qualified borrowers.
Innovative loan products that leverage projected home equity growth to provide favorable financing terms.
Government-insured mortgages from the Federal Housing Administration with low down payments and flexible credit requirements.
A revolving line of credit secured by your home equity that allows you to borrow funds as needed during a draw period.
A fixed-rate second mortgage that provides a lump sum of cash by borrowing against the equity built in your home.
Mortgages that exceed the conforming loan limits set by the FHFA, designed for financing high-value luxury properties.
Loans for homeowners aged 62 and older that convert home equity into cash without requiring monthly mortgage payments.
Government-backed zero down payment mortgages for eligible rural and suburban homebuyers who meet income limits.
Government-guaranteed mortgages for eligible veterans, active-duty service members, and surviving spouses with zero down payment.