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Exeter sits in Tulare County's agricultural core. A lot of workers here run their own operations — contractors, farm consultants, equipment operators.
Traditional lenders reject these borrowers fast. A 1099 loan uses your actual income documents, not a W-2 that doesn't exist.
620 (typical)
Min Credit Score
1-2 Years 1099s
Income History
Non-QM
Loan Type
Bank Statement, P&L
Related Programs
1099 Loans in Exeter
Lenders want 1-2 years of 1099 forms. Some also ask for bank statements to confirm cash flow matches what you reported.
Credit requirements vary by lender. Most want at least a 620 score. Stronger credit gets you better pricing.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in Exeter.
Exeter sits in Tulare County's agricultural core. A lot of workers here run their own operations — contractors, farm consultants, equipment operators.
Traditional lenders reject these borrowers fast. A 1099 loan uses your actual income documents, not a W-2 that doesn't exist.
Lenders want 1-2 years of 1099 forms. Some also ask for bank statements to confirm cash flow matches what you reported.
Retail banks rarely offer 1099 loans. This product lives in the wholesale and non-QM lending space.
At SRK CAPITAL, we work with 200+ wholesale lenders. We find which ones price this program well for your income profile.
The biggest mistake I see: borrowers submit messy 1099s with mismatched bank deposits. That kills deals.
Get your last two years of 1099s organized before applying. If your reported income is inconsistent, we need to address that early.
Bank Statement Loans use 12-24 months of deposits instead of tax forms. That works better if you write off heavy expenses.
Profit & Loss loans use a CPA-prepared statement. 1099 loans are simpler — if your gross income tells the story, use it.
Tulare County has a strong independent contractor workforce — ag services, trucking, construction. These borrowers need non-QM options.
Home prices in the Exeter area tend to stay below major metro limits. That keeps loan amounts manageable on a 1099 program.
Most lenders want 1-2 years of 1099 forms plus recent bank statements. A valid government ID and proof of self-employment may also be required.
Some lenders allow it with strong compensating factors. Two years of consistent 1099 income gives you more lender options and better pricing.
No. A 1099 loan uses your 1099 forms to verify income. A bank statement loan uses deposit history instead of tax documents.
Yes, typically. Non-QM loans carry more lender risk. Rates vary by borrower profile and market conditions.
Yes, if you can document the income with 1099 forms and show consistent earnings. Ag-related 1099 income is acceptable on most programs.