Conventional Income & Employment
The question is not just how much a borrower earns. It is whether the income is stable, documented, calculable and reasonably expected to continue.
Explore Income & Employment
Salary, hourly & variable base
Fixed salary, guaranteed hours and fluctuating hourly earnings.
Overtime, bonus, commission & tips
History requirements, averaging and declining income.
Future job / pay raise
Qualifying before a new job starts or before a documented raise takes effect.
Second jobs & multiple employment
When secondary income can count with less than two years.
RSU / restricted stock income
Vested distributions, history and how agencies calculate it.
Seasonal income
Recurring seasonal earnings and unemployment.
Maternity / temporary leave
How qualifying income works while temporarily away from work.
Military income
Base pay, allowances, active duty, Guard and Reserve.
Retirement, disability & support
Non-employment income and continuance requirements.
Official guide baseline
Fannie Mae Selling Guide · Freddie Mac Seller/Servicer Guide
Agency guide and AUS findings control over summaries. Lender overlays may be more restrictive.