QUESTION: I have been getting bonus income for several years now. Can I use that to help qualify for a new home loan?
January 16, 2019
QUESTION: I have heard on the radio I can buy a home with $1000 down? Is this a come on?
January 16, 2019

QUESTION: I am in sales and the majority of my income is from commission and it goes up and down monthly. How is income figured for me?


Lender will use a 2 year history and average your income. If you have declining income from the previous year, they will most likely take the most current lower year amount and average over 12 months. Sometimes we can use one year if you have been at the same job for a while it it helps.

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