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Updated almost 3 years ago on . Most recent reply

User Stats

67
Posts
27
Votes
Slaiman Atayee
  • Real Estate Agent
  • Washington, D.C.
27
Votes |
67
Posts

What do I need to verify non-standard income for a lender?

Slaiman Atayee
  • Real Estate Agent
  • Washington, D.C.
Posted

I'm a salaried employee for my company and have a standard w-2 for the majority of my income but in the last year i've started doing things on the side like the occasional wholesale deal or some remodeling work, both of which I get via paid cash or wire. For a lender (and the underwriter), what do I need to "verify" those other non-standard sources of income? 

FYI - I have several properties already and have been through the standard mortgage/loan process several times with only my w-2 income in play so not looking for standard lending advice in that respect. I googled the subject above but can only find stuff related to standard income

Any help is appreciated! 
 

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