Tax Question - Net or Gross Income

[Alec Larson]

Thank you in advance for answering my question. I've been a contracted musician here in Orlando at one of the theme parks for 2 years. It's very steady income and I receive a 1099 each year. I'm also a contracted web designer during the day and this is also considered 1099 or miscellaneous income.  I have immaculate credit, over 6 months worth of salary saved and my monthly debt-to-income ratio is 9%. I've never owned a home and I currently rent. I file as a sole proprietor. My question is, will an underwriter look primarily at my gross income or base their decision after looking at my losses on my return? Will the lender take into consideration bank statements, paypal payments or other proof of income? I suppose what I'm trying to ask is how much the tax return/documents affect the qualification process.

Thank you so much for your time,

-Alec