Question 1

Can I use both 1099s and bank statements together?

Accepted Answer

Some lenders allow blended documentation. We shop across 200+ wholesale lenders to find ones that accept your specific income mix.

Question 2

What credit score do I need for these loans?

Accepted Answer

Most non-QM lenders want at least 660-680. Higher scores get better pricing on both loan types.

Question 3

How much do I need to put down?

Accepted Answer

Expect 10-20% down on non-QM loans. Down payment requirements vary by lender and borrower profile.

Question 4

Which loan type closes faster in Healdsburg?

Accepted Answer

1099 loans can move quicker when your forms are organized. Bank statement loans take more time to underwrite the deposit history.

Question 5

Do these loans work for investment properties in Healdsburg?

Accepted Answer

Yes. Both loan types can be used for investment properties, though lenders may require larger down payments.

Question 6

Are rates higher on 1099 and bank statement loans than conventional?

Accepted Answer

Non-QM rates typically run higher than conventional. Rates vary by borrower profile and market conditions.

1099 Loans vs Bank Statement Loans in Healdsburg