When applying for a mortgage, do lenders consider gross income or take home?
Travis Torcoletti (travis.torcoletti)
#0 ranked lender in South Carolina - 372 contributions
Gross income figures are used.
Jeremy Redlinger (JeremyR)
#29 ranked lender in Minnesota - 191 contributions
Your gross income is used to qualify for a new home loan. http://www.newhomemortgagemn.com
Peter Botros (PeterBotros)
#70 ranked lender in New York - 895 contributions
Gross income or Adjusted Gross.
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
Gross income before taxes "Minus" any non reimbursed business expenses if your w2, or 1099 wage earner... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com
Jason Vondrak (jvondrak)
#220 ranked lender in California - 1,741 contributions
The lender will look at your gross income what you make before any state and federal taxes are taken out.
Sara Deere (Mortgagequeen2)
#15 ranked lender in Missouri - 608 contributions
I agree with the previous answers already stated as a response to your question.
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