For self-employed people, what income do banks use to determine mortgage eligibility?Is it AGI, or Net Profit from my business? My Net Profit is $28,101, but my AGI is $23,465 because of a one-time loss from sale of stock. I've gotten different answers from different people on this, and I'm confused. FYI, I'm looking to buy a townhome for approximately 150K, and I'd be putting at least $30K down, so the mortgage would be for no more than $120K. My credit score is 752 and I have no other debts other than my credit cards which I pay off in full every month.April 14 2012 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.