Job determine what kinds of financing you can receive?

[Michael O'Connell]

Hello BP, 

Im brand new to BP and REI.

I am currently in sales and looking for jobs, although my main focus is real estate. Does the type of income or way I'm taxed effect what kind of loans I can receive. For example does working on salary, base plus commission, or straight commission matter? Or for example W2 or 1099?

Thank you ahead of time!

[Chris Martin]

When you get a conventional mortgage, Fannie Mae or Freddie Mac will 'buy' the mortgage from the bank that originates the mortgage. Fannie Mae published the 'rules' for how banks sell to them in their Selling Guide.

See https://www.fanniemae.com/content/guide/selling/b3/3.1/01.html for all the details relating to your question. Or you can talk to a mortgage broker who may provide insight as well.

Welcome to BP!