How bonus income is averaged on conventional loans, what underwriters need, and pitfalls. The 2 Mortgage Guys at Luminate Bank, lending nationwide.
Home
Conventional Loans
Bonus Income
Yes. Conventional lenders commonly average bonus income over about two years when it is documented and likely to continue. A one-time signing bonus or a sharply declining bonus trail is harder to use than consistent annual bonuses.
Underwriters look for consistency, not just a big check last year.
These situations often need extra seasoning or cannot be fully counted.
Bring these to pre-approval.
We calculate what will actually stick in automated underwriting — not an optimistic guess.
Step
Related guides to help you compare options and move toward pre-approval.
2MG Daily
Recent articles from our blog on conventional loans, credit, and homebuying.
No related blog posts yet. Check back soon for the latest updates.
Send Ryan or Steve your W-2s and recent paystubs — we will calculate the bonus average conventional underwriting is likely to accept.