Can I use part-time income to qualify?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Yes. Part-time income qualifies when you've held the position about two years, showing it's stable and ongoing. A new part-time job generally can't be counted until that history builds.
Two years of W-2s plus recent pay stubs document it. We'll fold qualifying part-time earnings into your total income.
Part-time pay in your file
Part-time income can qualify with a solid history. Lenders usually want two years in the role. Consistent hours carry more weight than the hours being few.
Alone, part-time pay draws a careful review. Combined with a main income, it adds real strength to your application.
Stacking income in Florida
Lots of Florida buyers hold a part-time job on the side. That money can count toward the home. We know how each lender handles it.
Bring two years of pay stubs and W-2s. We will tell you how much of the part-time income we can use.