Gross Monthly Income
Gross monthly income is a borrower's total monthly earnings before taxes and deductions, the figure lenders use for qualifying ratios.
What Gross Monthly Income means
It includes salary, self-employment income, and other stable, documented sources. Lenders calculate DTI and housing ratios from gross, not net, income.
Florida example
A Florida borrower earning $84,000 a year has $7,000 in gross monthly income. Lenders measure their mortgage and debt payments against this number, not their smaller take-home pay.
What it is
Gross monthly income is your total pay before taxes and deductions. Lenders use this figure to measure your debt ratios.
It includes salary, bonuses, and other steady income.
Why it matters
Your gross income drives how much you can borrow. More documented income means more buying power.
We help you count every eligible source. Apply now and we will maximize your qualifying income.
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Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.