Income calculation help

Income calculation help
asked 2 years ago

Hello everyone. Can anyone tell me how lenders calculate income to determine loan amount?

For example if I make $ 31200 a year from employment plus $ 9600 child support a year but my tax return only show $ 2800 employment will they use the $ 2800? Will they not take into consideration maternity leave or time off for being sick? I was hoping to qualify for $ 2000k but the calculators all say $ 135k. If so home buying is out of the question for me unless I find another job.

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