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Pay Stubs

Paystubs for Mortgages Your mortgage lender is going to want to see at least the two most recent pay stubs. Most employers have online access to your pay stubs, so you can sign in and print out whichever ones you need. If your employer doesn’t, your HR or payroll...

Tax Returns

Tax Returns For the sake of mortgages, lenders only use the income you report on your tax returns. They'll want the two most recently filed returns. So, if you have a side hustle house sitting for friends and get paid cash, but do not report that cash as income on...

Self-employed mortgage advice

Self-employed Mortgage Advice Are you self-employed and applying for a mortgage? Here's an introduction to self-employment for the purposes of home loans. Self-employed income usually comes in two forms: Schedule C and Schedule E on your tax returns If you are a sole...

Part-time Work

Part-time Employment Qualifying part-time work for home loan In order to use part-time work for qualifying income, your mortgage lender will require a written verification of employment. This should include income and the average number of hours worked per week in the...

Multiple Jobs

Qualifying for a mortgage when you have multiple jobs Mortgage lenders require a two-year history (no budging on this time frame) of working two or more jobs to use income from all jobs. If you’ve been at one job longer than the other(s), but haven’t been working...

Seasonal Employment

Qualifying for a Mortgage with Seasonal Employment When we talk about seasonal employment, we’re not talking about picking up 20 hours a week at the local store during the holidays. This is more like skilled professions where a majority of the work occurs only at...

Social Security Income

What your mortgage lender requires for social security income (disability and retirement): Documentation Your mortgage lender will require the most recent two months bank statements showing the direct deposit of the Social Security Administration (SSA) income....

Child Support and Alimony

Child Support and Alimony - Qualifying Income Documentation Mortgage lenders can use child support and alimony income as qualifying income as long as we have proof of continuance for the next three years. Lenders will require a copy of your divorce decree and support...