Gross Income
Gross income is your total earnings before taxes and deductions. It is the figure lenders use to calculate qualifying ratios.
What Gross Income means
Lenders use gross rather than take-home pay to size loans. It includes salary, overtime, bonuses, self-employment income, and other documented sources. Stable, verifiable gross income is the foundation of qualifying.
Florida example
A Florida couple's combined gross income of $9,000 a month, before taxes, was the base lenders used to calculate their debt-to-income ratio.
What it is
Gross income is your total earnings before taxes and deductions. Lenders use it to measure how much you can borrow.
It includes wages, bonuses, and other steady income.
Why it matters
Your gross income drives your buying power. Documenting every source helps you qualify for more.
We help you count all eligible income. Apply now and we will maximize what you can borrow.
Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.