Approval for mortgage with income being different each year

I’m self employed. Have been for like 15 years. Looking to sell my current house and buy a new one soon. I know they look at the prior 2 years. But what if one year I made $80,000 and the next year I made $135,000? Would they add the 2 numbers and divide by 2 to come up with the yearly income used for approval amount?

submitted by /u/saynotogrow
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I’m self employed. Have been for like 15 years. Looking to sell my current house and buy a new one soon. I know they look at the prior 2 years. But what if one year I made $80,000 and the next year I made $135,000? Would they add the 2 numbers and divide by 2 to come up with the yearly income used for approval amount? submitted by /u/saynotogrow [link] [comments]

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