Question 1

Can I use both W-2 and 1099 income to qualify?

Accepted Answer

Yes. Many lenders will blend both income types. The key is documenting each stream clearly and consistently.

Question 2

Do I need two years of 1099 history?

Accepted Answer

Most lenders want two years, but some accept one year with strong compensating factors like good credit or reserves.

Question 3

Will my tax write-offs hurt my qualifying income?

Accepted Answer

No — that's the point of this program. Lenders use your gross 1099 income, not your net after deductions.

Question 4

What down payment do 1099 loans require in Moorpark?

Accepted Answer

Expect 10-20% down depending on the lender and your credit profile. Stronger credit can mean less down.

Question 5

Are 1099 loan rates higher than conventional rates?

Accepted Answer

Yes, typically. Non-QM loans carry slightly higher rates. Rates vary by borrower profile and market conditions.

Question 6

Can I use a 1099 loan to buy an investment property in Moorpark?

Accepted Answer

Some lenders allow it. The terms differ from primary residence loans — reserves and down payment requirements go up.

1099 Loans in Moorpark — Built for Self-Employed Borrowers