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Sonoma County runs on self-employed workers. Contractors, consultants, and freelancers are everywhere here.
A W-2 won't show up on your tax return if you earn 1099 income. Standard loan programs will reject you fast.
620+
Min Credit Score
1-2 Yrs of 1099s
Income Docs
10-20% Typical
Down Payment
1-2 Years
Self-Employment History
1099 Loans in Rohnert Park
Lenders look at your 1099 forms — typically one to two years — instead of tax returns. Your gross income matters more than your write-offs.
Credit score minimums vary by lender. Most 1099 programs start around 620. Stronger credit means better rate options.
Big retail banks rarely offer 1099 loans. This is a non-QM product, meaning it lives in the wholesale lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. We know which ones price 1099 income fairly and which ones don't.
The biggest mistake I see: contractors let their CPA write off everything. That tanks qualifying income on a standard loan.
A 1099 loan sidesteps that problem. We use what you actually earned, not what's left after deductions. Rates vary by borrower profile and market conditions.
Bank statement loans are the closest alternative. They use 12-24 months of deposits instead of 1099 forms.
If your income mixes 1099 and business deposits, a bank statement loan might qualify you for more. We run both scenarios before recommending one.
Rohnert Park sits between Santa Rosa and Petaluma. It attracts wine industry contractors, tech consultants, and trade workers.
Sonoma County has a deep pool of self-employed buyers. Lenders familiar with this market understand variable seasonal income.
Most lenders want one to two years of 1099 forms. Two years gives you more program options and better pricing.
Yes. Lenders can blend both income types. How they calculate it depends on the specific lender and program.
Less than on a conventional loan. Most 1099 programs use gross 1099 income, not your taxable income after deductions.
Yes, typically. Non-QM products carry more lender risk. Rates vary by borrower profile and market conditions.
Most programs require 10-20% down. A stronger credit file and income history can improve your options.
Some lenders allow it with strong compensating factors. Two years is safer and opens more programs.