Income from part time jobs can be used to qualify for a mortgage as long as the applicant has had the part time job for at least two years, and there is likelihood of continued employment. Some banks only allow part time job income of up to 25% of the primary income to be included in the qualification ratio.

The more income that you can provide your mortgage professional, the more loan programs become available to you. Every little bit helps when you are applying for a new mortgage. Your debt to income ratio (DTI), is a major factor when trying to qualify for a mortgage. The lower the DTI, the greater chance you have of being approved.

Some lenders will allow the use of a car allowance and/or a cell phone allowance to be used as income. There will have to be a good consistent history of recieving this money and you will need proof that it will continue to have a chance at a lender allowing this.

If you have hard to prove or unconventional income it may be easier for you to secure a mortgage through a stated or no doc loan program. These programs were designed with borrowers in situations where income is hard to document.