Question 1

Can I use 1099 income from multiple clients?

Accepted Answer

Yes, lenders combine all 1099 income streams if you can show consistent deposits over 12-24 months. Having 3-4 regular clients typically strengthens your application versus one single source.

Question 2

What if my 1099 income is seasonal?

Accepted Answer

Seasonal income works if you show the same pattern across two years. A citrus contractor earning $60,000 during harvest months can average that over 12 months for qualification purposes.

Question 3

Do I need a CPA letter for 1099 loans?

Accepted Answer

Most lenders require either a CPA letter or full tax returns plus 1099 forms. The letter confirms your income and that you're current on tax obligations, which satisfies underwriting requirements.

Question 4

How long after starting 1099 work can I buy?

Accepted Answer

You need 12 months minimum, preferably 24 months of consistent history. Some lenders accept 12 months if you worked in the same industry as a W-2 employee before going independent.

Question 5

Will business write-offs hurt my qualification?

Accepted Answer

Not with 1099 programs—that's the entire point. These loans look at gross 1099 income before deductions, so your vehicle, equipment, and home office write-offs don't reduce qualifying income.

1099 Loans in Lindsay: Financing for Self-Employed Borrowers