Can I use part-time income for a conventional loan?
Yes, with a documented two-year history at the same job (or in the same line of work). Part-time income at a stable employer is treated similarly to base income, usually averaged. New part-time at a second job has a tougher path.
Plain-English explanation
Conventional accepts part-time income that shows two-year stability. Same employer for the full window plus current pay stubs and W-2s clears most files. Newly added part-time income (under 1 year) usually doesn't count toward qualifying. Seasonal income falls under similar rules — two years of history plus reasonable likelihood of continuance. Subject to Fannie/Freddie guidelines.
What can change the answer?
Documentation type, employment stability, year-over-year trends, and any recent job/business changes can change the answer.
Want the real answer for your conventional file?
Conventional guidelines are the rule. Your credit, income, DTI, PMI, LLPAs, and Florida payment math are what decide the actual answer.
More conventional questions on Income
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review.