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Sales agent having difficulty with mortgage application

I work in sales and I am a seasoned veteran with more than 10 years of experience under my belt. I have been earning base pay plus commissions regularly without any gaps in income in the past decade. My income is more stable than others who bounce around every 6 months making regular hourly pay but it’s really frustrating because I can’t get a loan because I switched employers back in 2019 and I need to wait again for 2 years. I pay all my bills on time including my car loan and credit card payments. I earned $120k last year and I am on track to making $200k this year. My current loans are $50k and I pay $500 a month. Is it really this hard to get approved for a loan? by uraeus69 from Arcadia, Indiana. Nov 11th 2021 Reply


Barb Lanis (BarbLanis)
#69 ranked lender in Illinois - 679 contributions

Unfortunately, it is true that if you have variable income there should be a 2 year history of receiving it. Also, just be aware that a lender will average those 2 years of commission. But, your current base salary will be used, not averaged.

Nov 12th 2021
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