Question 1

Can I use one year of 1099s to qualify?

Accepted Answer

Some lenders accept one year. Most want two. It depends on your income consistency and credit profile.

Question 2

Do 1099 loans have higher rates than conventional?

Accepted Answer

Yes, typically. Non-QM loans carry more lender risk. Rates vary by borrower profile and market conditions.

Question 3

What if I have both W-2 and 1099 income?

Accepted Answer

That can actually help. Lenders can blend both income types. We document each source separately.

Question 4

Does seasonal income qualify in Sonoma?

Accepted Answer

It can, with the right lender. Two-year history of seasonal 1099 earnings is usually required.

Question 5

Is a 1099 loan the same as a stated income loan?

Accepted Answer

No. You still document income — just with 1099s instead of tax returns. Income is verified, not stated.

1099 Loans in Sonoma, CA — Built for Independent Earners