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Hi there -You can use your base income to qualify. If you have a 2 year history of being a commission based worker in the same industry there is a possiblity to use your income structure. Also - based on the type of loan you are applying for, you might be able to use your commission income as a compensating factor for a higher loan amount.Either way - I would recommend touching base with a reputable lender to discuss your employment position. Keep in mind - larger banks generally do not think outside the box.Best of Luck.
If your commission structure accounts for more than 25% of your pay, home loans call for the 2 year history. If that is the case, some banks can offer you the loan with [usually] 10% down, and a little higher interest rate. That could at least get you the home, and then once the 2 year commission history is established you can refinance into permanant lending as long as you meet the qualifications. It would be ideal to talk to a bank that has both programs to offer: Bank Loans and Mortgage Lending so they can work together for your best interest.
If you have a history of commission income from your previous company in the same line of work, then it may be doable. Otherwise you would have to wait if you do not DTI without the comission income. Good Luck!
Quick question, what did you do before this job? By an chance did your previous employer pay you commission?
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