my mortgage application will get declined at last min?need help

[Vindy Ma]

Hi Everyone,

this is my first post, but it will be urgent case. I am in Nashville,TN, and I am applying for a mortgage for a single family home to do house hack. After two months all process, I mean, all the inspections done, appraisal done, at the very last min to be close, but today the underwriter is saying my payroll is something wrong, my application will be declined if I couldn't get resolved in 24 hours.

My problem is here, I am a server in a restaurant, normally we get tips right?, but my boss pays me stable salary 3800/month, and do whatever he needs me do, all the tips I get go back to the boss. But my payroll says, my base salary is 300, and tips 3500. So the bank says my base salary can't qualify for the mortgage.....How can I do?? every month I GOT same salary, I didn't know I was paid 3500 tips!

Is there anything possible solution recommended? I don't want to lose this house, I put lots of work, and money inside.

thanks for all the advice.

[Wayne Brooks]

Talk to your boss....he likely breaks it out this way to avoid His portion on the $3500 for as/med.  He’s also violating minimum wage laws....which requires a tipped employee to be paid 40% of the minimum wage rate, which he clearly is not doing, at “$300/mo payroll”.

Your weekly check should Clearly show “hourly/weekly Pay” verses “Tips”.