Income Requirements for Home Buying Pre-Approval

Wondering how much income you need to buy a home? In this video, we break down various income requirements for home buying. Salaried, self employed, wage earner, fixed income and more. Learn what income cannot be used.

📌 Topics Covered:
✔️ Income requirements for FHA, VA, USDA & conventional loans
✔️ How lenders determine mortgage approval
✔️Salaried income
✔️ Self employed income
✔️ Commission income
✔️ Hourly income
✔️ Job offer letters used as income

🏡 Ready to buy a home? Watch now to learn what it takes!

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This is how a mortgage loan officer reviews income when pre-qualifying a prospect wanting to buy a home. The video covers salary, hourly, commission, #relocation and self-employed income.

Contact me:
https://www.fairway.com/lo/nevin-will... / Equal Housing Opportunity
(919) 714-8796
















Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act, License No 41DBO-78367. Licensed by the Department of Financial Protection and Innovation under the California Financing Law, NMLS #2289. Loans made or arranged pursuant to a California Residential Mortgage Lending Act License. CO license # 100517300 FL license # LO54595 Georgia Residential Mortgage Licensee #21158 MA Mortgage Broker and Lender License #MC2289. MA Loan Originator License #MLO MLO69651 NC license # I-139451 SC license # MLO-69651 VA license # MLO-13481VA

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