Is it common for them to want net income vs gross income? I actually am going to ask my CU abou this when I go in to clarify some things, but I am curious- thanks-
Starting Score: EQ 581,NO TU
Typically they request gross income, but if you are in a situation where an underwriter has to look more closely at your finances and accounts to determine if they are going to approve you for a loan, then they will request your net income. That way they can make sure that you are not over your head with bills.