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West Sacramento sits across the river from the state capital. The gig economy runs deep here — contractors, consultants, and freelancers are buying homes too.
Standard loans punish 1099 earners by treating deductions as lost income. A 1099 loan uses your actual earnings instead.
640 Typical
Min Credit Score
1-2 Yrs 1099s
Income Docs
10–20%
Down Payment
2+ Years Preferred
Self-Employed History
1099 Loans in West Sacramento
Lenders typically want 1-2 years of 1099 forms. Some will accept one year if your income is strong and consistent.
Credit score requirements vary by lender. Most want 640 or above. Higher scores get better pricing. Rates vary by borrower profile and market conditions.
Local decision guide
Use this guide to connect 1099 loans eligibility, lender expectations, and local market factors before comparing payment options in West Sacramento.
West Sacramento sits across the river from the state capital. The gig economy runs deep here — contractors, consultants, and freelancers are buying homes too.
Standard loans punish 1099 earners by treating deductions as lost income. A 1099 loan uses your actual earnings instead.
Lenders typically want 1-2 years of 1099 forms. Some will accept one year if your income is strong and consistent.
Big banks rarely offer 1099 loans. This is a wholesale and non-QM lender product. You won't find it at your local branch.
At SRK CAPITAL, we work with 200+ wholesale lenders. Several specialize in 1099 and self-employed programs. We find who prices it best for your file.
The biggest mistake 1099 borrowers make: applying at a bank that only does QM loans. You'll get denied and take a credit hit for nothing.
Your write-offs hurt you on a conventional loan. Here, lenders look at your 1099 income before deductions. That changes your buying power significantly.
Bank statement loans are the closest alternative. They use 12-24 months of deposits instead of 1099 forms. Some 1099 earners qualify for both — we run both scenarios.
Profit and loss loans work if your CPA prepares a P&L. Asset depletion works if you have large reserves. We match the program to your actual situation.
Yolo County has no special income limits or overlays for 1099 loans. Program guidelines are set by the lender, not the county.
West Sacramento has seen growth in tech, logistics, and government contract work. Many of those workers earn 1099 income and need this type of financing.
Some lenders accept one year if income is strong and stable. Two years is the standard and gives you more options.
No. Lenders use your gross 1099 income, not your taxable income. That's the core advantage of this loan type.
Most lenders want 640 or higher. A stronger score improves your rate. Rates vary by borrower profile and market conditions.
Expect 10-20% down depending on the lender and your credit profile. Lower down payments are possible with stronger qualifications.
No. They're separate programs. Both serve self-employed borrowers, but they use different income documentation.
Yes. We access 200+ wholesale lenders. We compare 1099 programs across multiple options before you submit an application.