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Vacaville sits between Sacramento and the Bay Area. That location draws contractors, consultants, and gig workers who serve both markets.
Standard loans reject 1099 earners constantly. Your gross income looks great but your tax return kills the deal after deductions.
680+
Min Credit Score
2 Years of 1099s
Income Docs
10–20%
Down Payment
Non-QM
Loan Type
2 Years Min
Self-Employed History
1099 Loans in Vacaville
Lenders use your 1099 forms — not your tax returns — to calculate income. Two years of 1099s is the standard requirement.
Most programs want a 680+ credit score and 10-20% down. Self-employed borrowers with strong 1099 history qualify at the higher loan amounts.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Vacaville.
Vacaville sits between Sacramento and the Bay Area. That location draws contractors, consultants, and gig workers who serve both markets.
Standard loans reject 1099 earners constantly. Your gross income looks great but your tax return kills the deal after deductions.
Lenders use your 1099 forms — not your tax returns — to calculate income. Two years of 1099s is the standard requirement.
Big banks rarely offer 1099 loans. This is a non-QM product — meaning it falls outside standard Fannie Mae and Freddie Mac guidelines.
We shop this across wholesale lenders who specialize in non-QM. Rate and qualification standards vary significantly between them.
The biggest mistake 1099 borrowers make: filing taxes right before applying. Heavy deductions sink your qualifying income fast.
Bring clean, consistent 1099s. Gaps in income or switching industries mid-stream raises flags for underwriters reviewing your file.
Bank Statement Loans are the closest alternative. Instead of 1099s, lenders average 12-24 months of deposits to calculate income.
If your 1099 income is inconsistent, a P&L Statement Loan might fit better. A CPA prepares a profit and loss statement as the income proof.
Vacaville's location makes it popular with remote contractors commuting less and earning Bay Area rates. That income profile fits 1099 lending well.
Solano County home prices are lower than nearby Bay Area counties. Your 1099 income can go further here on loan-to-value calculations.
Yes, most lenders require two full years of 1099 history. Shorter tenure makes approval significantly harder.
Not with a 1099 loan. Lenders use your gross 1099 income, not what's left after deductions on your tax return.
Most programs start at 680. Higher scores open up better rates and lower down payment options.
Yes. 1099 loans work across California, including Vacaville and all of Solano County.
A 1099 loan uses your income forms directly. A bank statement loan averages your actual deposits instead.
Typically yes. Non-QM products carry more risk for lenders. Rates vary by borrower profile and market conditions.