If you’re self-employed, a freelancer, or commission-based earner (👀 real estate friends, hairstylists, sales pros)—getting a mortgage can feel a little more complicated. But don’t worry—it’s doable with the right planning.
📁 Most lenders want to see a two-year history of commission income. They’ll average your earnings over that time to determine how much you can borrow.
🧾 Documentation is everything. W-2s, 1099s, tax returns, and bank statements all play a role—especially if your income fluctuates from month to month.
📉 Write-offs can work against you. If you deduct a lot of expenses on your tax returns, it could lower your reported income and affect how much you qualify for.
💡 Pro tip: Start planning before you apply. Reduce unnecessary deductions and work with a lender familiar with commission-based buyers.
📲 Need a lender who knows how to work with entrepreneurial income? I have trusted partners ready to help—DM me @angelaaull_realestatelife