Question 1

Can I use one year of 1099 income to qualify?

Accepted Answer

Some lenders allow it, but two years is the standard. One year may come with a higher rate or stricter down payment requirement.

Question 2

Do lenders use my gross 1099 income or net?

Accepted Answer

Most use gross, but some apply an expense factor. Ask your lender exactly how they calculate qualifying income before submitting.

Question 3

What credit score do I need for a 1099 loan in Red Bluff?

Accepted Answer

Most programs start around 620-660. Higher scores open up better rates and lower down payment options.

Question 4

Is a 1099 loan harder to get than a conventional loan?

Accepted Answer

Yes — it's a non-QM product with stricter income documentation and higher rates than conventional. But it works when W-2 loans won't.

Question 5

How much do I need to put down on a 1099 loan?

Accepted Answer

Typically 10-20%, depending on your credit score and income history. Stronger profiles can qualify at the lower end.

1099 Loans in Red Bluff — Built for Self-Employed Borrowers