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.
What this actually means.
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.
Where this can move.
Documentation type, employment stability, year-over-year trends, and any recent job/business changes can change the answer.
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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. Mortgage Expert, Inc. is not affiliated with Fannie Mae, Freddie Mac, FHFA, or any government agency.