Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Josh Sobczak
  • Mount Pleasant, SC
2
Votes |
6
Posts

How to get pre-approved with commission income less than 25%

Josh Sobczak
  • Mount Pleasant, SC
Posted

QUESTION: What does the approval process look like when commission makes up about 15% of your income, and the rest is a base salary? 

I’ve read that when commission accounts for 25% or more of one’s total income, lenders typically will want to see at least two years of employment at the same job. 

I am a recent college-grad and have only been in the workforce for about three months. Commission accounts for roughly 15% of my income. My goal is to purchase my first house hack this summer. Will I be able to get approved?


Thanks in advance!

Loading replies...