Salary moved into commission, am I still eligble for bank loan?

[Joseph Gisler]

I am graduating college at the end of this month and I have accepted an awesome job with an amazing company to begin my career! This job is typically 100% commission, but being that it is not an entry level position and I am an entry level candidate, they have offered me a decent sized salary to supplement me until I can establish a foundation in my area. This salary will continue until I believe 3 months of commission sales surpass the salary payout every month in which I will transition over to 100% commission. My research is telling banks typically want 2 years of commission before they count it towards your income, does anyone have experience with this and if so, can I get pre-approved for a mortgage based off that salary offer even if it will go away eventually and replaced by commission?

[Mike Price]

If you close before your pay changes, you’ll be fine.