Originally Posted by
Fourpaw
Probably a silly question, but is anyone else having trouble getting a home loan with this bonus structure? I can't get a single lender to validate it as income without having a two year payment history.
Without counting this income, we obviously can't qualify for anything. Anyone else out there having the same problem?
Just went through the process and same problem. Lenders won't consider it unless you have a two year history with it. I also have the problem that I'm building a house with my in-laws as they are aging and their health is deteriorating. They just moved all of their retirement money into some annuities accounts and therefore we can't use their income either. So our solution is we are doing what is called a portfolio loan essentially and in house loan with our bank. We fortunately have a long history with this bank and they are working with us on this until we can roll it over to a standard loan.
Good luck