Question 1

Can I use both 1099s and bank statements?

Accepted Answer

Some lenders allow hybrid documentation. A broker can match you with the right lender for your specific income picture.

Question 2

Do these loans work in Tulare County?

Accepted Answer

Yes. Non-QM lenders are active in Dinuba and the broader Tulare County area. Property type and loan size still matter.

Question 3

How many months of bank statements do I need?

Accepted Answer

Most bank statement lenders want 12 months minimum. Many prefer 24 months for a stronger income average.

Question 4

What credit score do I need for either loan?

Accepted Answer

Most Non-QM lenders want at least a 620. Some go lower, but your rate improves significantly above 680.

Question 5

Do tax write-offs hurt my chances?

Accepted Answer

With 1099 and bank statement loans, tax returns don't drive approval. Heavy deductions are much less of an obstacle.

Question 6

Which loan has lower rates?

Accepted Answer

Rates depend on your credit, down payment, and lender. Both are Non-QM, so expect slightly higher rates than conventional loans.

1099 Loans vs Bank Statement Loans in Dinuba