Using Your Side Hustle

Using Your Side Hustle


MLM: a system for selling goods or services through a network of distributors.

I’m a mom of a four year old, and I worked from home for years before transitioning to this industry. I always see people groaning about MLM businesses or people selling things on Facebook, but you know what I see? I see a mom who found a way she can stay home with her kids and feel emotionally and physically healthier while doing it. I see a young woman who is using the skills that come naturally to her helping other women feel better about themselves through makeup and hair. I see people supplementing underpaid jobs in natural and fun ways. I see women taking the opportunities that allow them to be the person they want to be while paying the bills they have to pay. If this is you, just know that I see you, I believe in you, and I will continue to support you as you chase your dreams down whichever road opens up for you. ⠀

How can this affect your mortgage application? If you have two years of tax returns reflecting a profit from your side hustle, you may be able to use it to supplement your qualifying income for a home purchase. You might be thinking “but my income isn’t enough to cover a house payment…”, but if your spouse or co-applicant also brings money in, the combined total might bump you up to a different house price than your partner’s income alone! ⠀

The key to using your income on a mortgage application is to report the income on your taxes for two years before your home purchase. As mortgage loan officers and underwriters, that is our metric for determining whether an income stream is likely to continue. And let’s be honest— if you manage to turn a profit with a side hustle for two years, you’re doing great!

Want to get a check up and see what you could afford? Let’s talk today. 

Home loans vs. student loans - How to navigate

Home loans vs. student loans - How to navigate

Process of Buying a Home - For beginners!

Process of Buying a Home - For beginners!