Financing when income is mostly commissions

[Dakota Rice]

What tips/suggestions do you guys have for getting approved for a loan with most of my income coming from commissions on a job I’ve had just over a year?

My situation: between my wife and I our income is about $4200 a month in salary/base pay. I also make about $3500 in commissions. We currently own a duplex that has about 20% equity and brings in enough income from the basement unit to almost cover the mortgage. One of the lenders I talked to this last week stated that with the new COVID regulations they wouldn’t be able to count my rent as income due to it not being signed to a year contract.

We would like to buy a second property, owner-occupy it, and rent out the current unit we live in. What have you guys done when you/clients/friends have run into the issue of financing with commissions income before the two years of work history?