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commission pay.? Mortgage?

in June 2020 my husband started a commission based pay he left Feb.2021 to a start up that lasted until end of Apirl 2021. He then went back to his old commission job and is current there since May 2021. can we qualify for a 30y mortgage or do we have to wait another year. by dholmes123.dh474 from Monticello, Georgia. Apr 6th 2022 Reply


John Burke (jburke)
#27 ranked lender in Texas - 321 contributions

How was your husband paid from 2/2021 through 4/2021?Since he went back to the same employer, it maybe possible to qualify him right now based on averaging his commissions. A lot depends on the lender, the loan program and how strong your overall "file" is.| John Burke | Senior Mortgage Banker | Lending in ALL 50 states |Stride Bank | jburke@stridebank.com | (877)228-9069 | NMLS# 787231 |

Apr 7th 2022
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