Realtors Mortgage Qualification Guide (Florida)
This realtors mortgage qualification guide walks Florida realtors through documenting income the right way, clearing credit, and the exact steps it takes to qualify.
Realtors Mortgage Qualification Guide
Lenders average commission income over two years, so one strong year alone rarely counts. A slow stretch can drag the average down. Clear that, and the rest is straightforward. Here are the steps.
Realtors know real estate cold, yet their own financing trips on the same thing every commission earner hits: lenders average two years of 1099 income and subtract business write-offs. If your recent year is much stronger, that average undersells you. We either document the two-year history or switch to a bank-statement loan that reads your deposits, so a top-producing agent is not capped by an old slow year.
You sell homes for a living, but commission income on your own application is its own puzzle. We solve it with the right documentation or a bank-statement program. Below is the step-by-step path realtors follow to qualify for a Florida mortgage, plus the paperwork we ask for up front.
Document a two-year commission history with 1099s and tax returns.
If recent income jumped, ask us about a bank-statement program that reads deposits instead.
Keep unreimbursed business expenses in mind — they reduce qualifying income.
Build reserves so an off month does not stall your approval.
Not sure which loan to qualify for? Start with the best programs for realtors, then apply.
Home Loans for Realtors?
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