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Not_Really_Famous t1_iqri4ho wrote

ya it’s really tough - just went through this as well - the bank/lender will ask for pay stubs going back 2(?) years. Also keep in mind that they won’t count bonuses that are not consistent year over year towards your income. In this economy, even the top end of their program won’t get you much.

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ballzdeep499 OP t1_iqrm7gb wrote

So you’re saying if my pay stubs have bonuses/incentives they will just consider my actual salary against the income threshold?

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Not_Really_Famous t1_iqrpn2v wrote

hmmm I’m not sure - my particular case was more of an annual profit-share but because it had fluctuated, they wouldn’t consider it as part of my salary. I wouldn’t stress too much, just talk to the lender and be open/honest with them. They want your business just as much as you want a loan

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gaytee t1_iqtsfrr wrote

Bonuses are income. You can start the process and say you make X per year and are under the limit, but it would likely be a waste of time by the end of the process you’d like be disqualified.

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