What Income Counts for a Mortgage?
October 30, 2026
Quick Summary
Many buyers think only their base salary counts. Lenders may also count steady overtime or bonuses, self-employment income, rental income, Social Security, pensions, and documented child support. Income that isn't reported, or has no history yet, usually doesn't count. You may qualify for more than you think.
Video Transcript
Most people think only their salary counts when they apply for a mortgage. That's not true, and it might be costing you. Lenders look at the full picture, so let me break it down.
If you're a W-2 employee, your base salary or hourly wages count. If you've received overtime, bonuses, or shift differentials consistently for at least a year, those may count too.
If you're self-employed, lenders typically use the net income from your tax returns, often averaged over two years. There's also something called a bank statement loan, where your deposits do the talking instead.
Rental income, Social Security, disability, pension, and investment income may all count. Even alimony or child support, as long as it's documented and consistent.
What typically doesn't count: income that isn't reported to the IRS, income with no history of receipt, brand-new bonus or overtime income, and per diem pay.
You might qualify for more than you think, but you won't know until we talk it through. Reach out anytime.
Next Steps
Take a look at our bank statement loans and conventional loans, reach out to our team, or connect with me directly. We help buyers all across California.
Alisha Silva, Mortgage Loan Originator, NMLS #1683313. Lend Mortgage Solutions (50-50 Mortgage Inc.), NMLS #2289265. Equal Housing Opportunity. This video is for general education only and is not a commitment to lend.
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