Using commission income on FHA: two-year average, W-2s, and tax returns. From The 2 Mortgage Guys at Luminate Bank in Kokomo, nationwide.
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Commission Income
Yes — FHA can count commission income when you have a stable history, usually about two years, and the income is properly documented on tax returns and paystubs. Ryan and Steve average commission the way underwriters will, so your pre-approval is not based on a one-time spike.
Commission is variable income — FHA and lenders look at history, documentation, and how it averages over time.
Gather these before underwriting so commission income counts without delays.
How lenders actually apply commission income to your FHA file.
We run the same averaging and documentation review underwriters use — before you shop for a home.
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Ryan & Steve will review tax returns, W-2s, and YTD commission to calculate income that will hold up in FHA underwriting.