Recognize your full story
Salary, hourly pay, commission, business income, retirement, benefits, rental income, and other eligible sources may each tell part of the story.
02 Income
Your Income Has a Story—and It May Be Stronger Than You Think.
Homeownership is not decided by one paycheck or one income number. Understanding how your income is earned, documented, and expected to continue can help turn uncertainty into a realistic next step.
Your next steps
A clearer path forward.
Make it understandable
The right records can help explain the amount, history, frequency, and expected continuation of the income you receive.
Explore what may fit
A licensed mortgage professional can review your broader picture and discuss programs or preparation steps that may be appropriate.
Preparation checklist
Get ready one step at a time.
You do not need to know every documentation rule before you begin. Requirements vary by income type, borrower, loan program, and underwriting findings.
- Recent pay statements when applicable
- W 2 forms or tax returns when requested
- Documentation for other income sources
- Employment and business information when applicable
Your path is more than a paycheck
Different income does not automatically mean impossible.
Income can be simple, seasonal, variable, self-employed, or made up of several sources. The first step is not to assume the answer. It is to organize the story so the right questions can be asked.
Gather
Bring together the income sources and records that apply to you.
Understand
Learn how history, consistency, and continuation may be considered.
Explore
Use the planning tool below, then discuss what the estimate may mean.
Your next step
Your income deserves a complete conversation.
Share your contact information and an On Q home loan professional may contact you to discuss how your income sources, goals, savings, and monthly obligations may fit together—and what a practical next step could be.
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