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ballzdeep499 OP t1_iqrm7gb wrote

Reply to comment by Not_Really_Famous in Baltimore first time home buyer incentive by ballzdeep499

So you’re saying if my pay stubs have bonuses/incentives they will just consider my actual salary against the income threshold?

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Not_Really_Famous t1_iqrpn2v wrote

hmmm I’m not sure - my particular case was more of an annual profit-share but because it had fluctuated, they wouldn’t consider it as part of my salary. I wouldn’t stress too much, just talk to the lender and be open/honest with them. They want your business just as much as you want a loan

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gaytee t1_iqtsfrr wrote

Bonuses are income. You can start the process and say you make X per year and are under the limit, but it would likely be a waste of time by the end of the process you’d like be disqualified.

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