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[Anonymous]

Tip income is calculated by using 2 years history of what is declared on his taxes.  Only what is declared, regardless if he makes more than that.

As far as what you would qualify for, you have good scores and a down payment is alwys good, but other factors weigh heavily on qualifications. Such as, any other debts you may have, as well as the taxes on the property where you are looking. A little more info would be needed.

Steve

[Anonymous]

Agreed that it does not give a "real time" income for your husband, but when income varies like that, a 24 month average is the only way to get a representative income amount.  Does he have a 2 year history on the tax returns of tipped income?