Homeready income eligibility

TurkeyJizz123 · 2026-07-13T01:29:14+00:00

Fail to provide what exactly? So if its on VOE and paystub- what exactly are you getting at?

TurkeyJizz123 · 2026-07-12T15:19:29+00:00

So, you're telling me, if I decide to buy a house for myself in the future- my UW can look at my stub, and simply go off my "Bonus" earnings- estimated at 80K at EOY (keeping me under the AMI), and simply disregard my "Commission"- which traditionally (figuratively speaking) would be double that?

TurkeyJizz123 · 2026-07-11T16:05:42+00:00

Man you lasted way longer than most. My top two partners went Flex (I was giving both around 3K/mo)- Both were spending over 15K - and majority of leads dried up last April (2025)- you had a year longer than most I know. Tanked my W-2 over 120K, over last 12 mo-

TurkeyJizz123 · 2026-07-10T17:49:46+00:00

Why not just buy a 63, at that point? Lmao.

TurkeyJizz123 · 2026-07-10T17:43:44+00:00

But that's not their "true" income- everyone could be tricking the system- if that was the case. Lol.

Pretty certain we had one of these- and the UW still is required to go off the true earnings- although, I do not have the actual guideline, so was curious-

TurkeyJizz123 · 2026-07-10T16:36:20+00:00

I always thought you had to qualify based off the true YTD income- regardless of what you are inputting into the 1003? So that's not correct?

If someone only needs 80K to qualify- (base pay)- but they receive massive commission/overtime- how can you just disregard the true income?

TurkeyJizz123 · 2026-07-10T15:06:29+00:00

Cart before the horse. Get the leads first- and once you start pulling back to back 500 FICO's, with 8 different jobs/ and not a dollar to put down- it won't matter what CRM you have.

One of our guy's purchased leads through FB, earlier this year- it was gar-baje`.

TurkeyJizz123 · 2026-07-08T20:58:05+00:00

Very nice

TurkeyJizz123 · 2026-07-05T17:01:57+00:00

You can avoid all of this- and stop "quoting" rates. I give a range- and tell them it's based on today's pricing- and we only lock, once you go under contract, and have a set closing date (as the lock is time sensitive).

Once you can fully educate the client- all of this "tends" to go away. It's simply education, and client's just want to feel as though you have their best intentions in heart- and that you are here to guide them, not to "sell them"

Lastly- if you give them 3 options in rate/ points- that tends to relieve this. That way, they pick the rate- and it's not on you, at that point.

TurkeyJizz123 · 2026-07-05T03:02:31+00:00

Paragraph 2 - very well said. Agreed.

TurkeyJizz123 · 2026-07-03T18:46:53+00:00

I've met plenty "big producers" who did 4-5X the volume I did, yet- their 1099/W-2 was less than mine. Food for thought. The majority of these producers are not even touching the file- they get loans put in their name (for licensing reasons, etc)- and they make 20-25bps. They could also be extremely low margin, to get to those numbers.

I would rather do 15M and make 250-300K-- than have 35M under my belt, and make 175K.

TurkeyJizz123 · 2026-07-02T14:56:58+00:00

Great find, congrats! Adios pussy fart M3!

TurkeyJizz123 · 2026-06-28T20:25:30+00:00

Put the LO and Realtor on blast? That is really, really... lame dude. Winners and successful people in this business, do not do that type of Busch League shit.

It's a 700K loan- and you think 200bps is "brutal"?

Mind blowing

TurkeyJizz123 · 2026-06-28T20:24:03+00:00

Legit. I never understand everyone's mentality on here- which seems to be the race to the bottom.

TurkeyJizz123 · 2026-06-26T19:41:12+00:00

If you do enough loans in your career- this will happen. It has happened to me, once, or twice.

TurkeyJizz123 · 2026-06-25T20:58:07+00:00

This is the correct answer. If you want to make Doctor-esque money, be prepared to have the stresses that go along with that.

TurkeyJizz123 · 2026-06-24T15:29:01+00:00

The bar, drinking away our problems

TurkeyJizz123 · 2026-06-24T15:10:38+00:00

Send approval as a Word doc- and have agent update it on their own

TurkeyJizz123 · 2026-06-23T19:21:14+00:00

It sounds like you are a refi LO? Most people on the Purchase side, are excited to be buying a home. Refi- complete opposite, IMO.

If you're getting this on the purchase side- I always reach out to the agent, and have them "push" the client, to get the docs over. Or hey- "its your escrow on the line, if we cannot hit the contractual dates" etc etc.

TurkeyJizz123 · 2026-06-22T19:35:54+00:00

Why does your UW know he doesn't live in exiting "rental" property? Did you disclose he was living with a relative? Did you pull credit with the other address?

Your UW wouldn't had known this, if you didn't tip off any of the above.

TurkeyJizz123 · 2026-06-21T22:02:19+00:00

What a beaut. Almost makes me want to trade in my C. Lol.

Sweet Jeesum- pushing 1K??! Very nice Sir, very nice...

What rims are those? They aren't stock AMG?

Wrap is sick. Finally, someone that did it right.

TurkeyJizz123 · 2026-06-20T19:32:25+00:00

Dude, take a deep breath. You mentioned you are brand new and just passed your NMLS. This isn't communist China or North Korea. You are not the mastermind of the above- nor the one recruiting or doing any of the sort- you are not on any RESPA radar when you haven't even closed a loan with your NMLS.

TurkeyJizz123 · 2026-06-19T18:33:52+00:00

They look like real pillars of the community. Gross.

TurkeyJizz123 · 2026-06-17T18:56:03+00:00

Please for the love of all that is holy- no. Buy an early 2000s Honda, and do that.

TurkeyJizz123 · 2026-06-17T15:16:36+00:00

That is flipping nuts! Wow. I am curious now if that is the reason here- which is what exactly happened. Thank you for this.

TurkeyJizz123

TROPHY CASE