Question 1

Do I need two years of 1099 income to qualify?

Accepted Answer

Most lenders want two years. Some accept one year with strong compensating factors like a high credit score or large reserves.

Question 2

Will my tax write-offs hurt my 1099 loan approval?

Accepted Answer

They can. Unlike bank statement loans, 1099 loans use gross income shown on your forms — not what's left after deductions.

Question 3

What credit score do I need for a 1099 loan in Santa Rosa?

Accepted Answer

Most lenders start at 620. Scores above 700 open better rates and lower down payment options. Rates vary by borrower profile and market conditions.

Question 4

How much can I borrow with a 1099 loan?

Accepted Answer

Loan amounts depend on your documented income, credit profile, and lender guidelines. No guaranteed amounts apply.

Question 5

Is a 1099 loan the same as a bank statement loan?

Accepted Answer

No. 1099 loans use your IRS income forms. Bank statement loans use deposit history. Different income picture, different program.

Question 6

Can I use a 1099 loan to buy in Sonoma County specifically?

Accepted Answer

Yes. 1099 loans are available statewide in California. Sonoma County properties qualify under standard non-QM guidelines.

1099 Loans in Santa Rosa — Built for Independent Earners