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Updated over 7 years ago on . Most recent reply

Ben C.'s profile image
Ben C.'s profile image
Ben C.
  • from Metuchen, New Jersey
  • Member since Nov 13, 2015
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Ben C.'s profile image
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Ben C.
  • from Metuchen, New Jersey
  • Member since Nov 13, 2015
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Ben C.
  • Metuchen, NJ
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Mortgage Brokers & Lenders

Question for all the Mortgage Brokers out there!

Ben C.
  • Metuchen, NJ
Posted

Hello,

How does flipping income factor into mortgage qualifications for a primary residence? I know how regular W-2 factors in but what about flipping income that is on the side and not in a company name?

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Harjeet Bhatti's profile image
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Harjeet Bhatti
  • Lender
  • from Glenview IL- CDLP NMLS#230554
  • Member since Apr 21, 2015
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Harjeet Bhatti's profile image
Harjeet Bhatti's profile image
Harjeet Bhatti
  • Lender
  • from Glenview IL- CDLP NMLS#230554
  • Member since Apr 21, 2015
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
746
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Harjeet Bhatti
  • Lender
  • Glenview IL- CDLP NMLS#230554
Replied

You can provide the history of that income and show the ability this will continue  with showing project in hand. Capital gain income is acceptable source with  history and continuity. 

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