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Sonoma County runs on self-employment. Wine industry consultants, contractors, and freelancers dominate Santa Rosa's workforce.
Traditional loans read 1099 income as risky. That's a lender problem — not an income problem. The right loan fixes that.
620+
Min Credit Score
1-2 Years
1099 History Needed
No
Tax Returns Required
Non-QM
Loan Type
You qualify using your 1099 forms — typically one or two years. No tax returns required. No W-2 needed.
Lenders want to see consistent 1099 income and a credit score above 620. Stronger scores get better pricing.
Most banks won't touch 1099-only borrowers. Retail lenders are especially rigid about this.
Wholesale lenders built specifically for non-QM lending are where these loans get done. We work with 200+ of them.
The biggest mistake 1099 borrowers make: applying at a bank and getting declined, then waiting. That denial costs time.
We structure your file before it goes to a lender. Income averaging, documentation sequencing — it matters for approval.
Bank Statement Loans use 12-24 months of deposits instead of 1099s. Better fit if your write-offs are high.
P&L Statement Loans work well for contractors with clean books. 1099 Loans are simpler when the forms tell the full story.
Santa Rosa's wine, construction, and creative industries produce heavy 1099 workforces. This loan was designed for exactly that profile.
Sonoma County home prices demand real buying power. A properly structured 1099 file gets you competitive loan amounts.
Most lenders want two years. Some accept one year with strong compensating factors like a high credit score or large reserves.
They can. Unlike bank statement loans, 1099 loans use gross income shown on your forms — not what's left after deductions.
Most lenders start at 620. Scores above 700 open better rates and lower down payment options. Rates vary by borrower profile and market conditions.
Loan amounts depend on your documented income, credit profile, and lender guidelines. No guaranteed amounts apply.
No. 1099 loans use your IRS income forms. Bank statement loans use deposit history. Different income picture, different program.
Yes. 1099 loans are available statewide in California. Sonoma County properties qualify under standard non-QM guidelines.
1099 Loans in Santa Rosa