EMPLOYMENT AND INCOME
1. Where do you work?
2. How much do you make? (You’ll be expected to document income with copies of income tax statements, as well as giving the lender permission to request your tax return transcript by signing Form 2506-T. If you collect a paycheck, you’ll provide copies of pay stubs and W-2s.)
3. How long have you been at your job?
4. How is your income derived — steady salary or irregular income? (If your income varies, you may need to provide details.)
WHAT WORKS IN YOUR FAVOR:
You can prove steady employment (two or more years) with the same employer or in the same line of work.
WHAT COMPLICATES AN APPLICATION*
You are self-employed or a contract worker.
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