How to Get a Mortgage in Kentucky with Variable Income (FHA, VA, USDA & Fannie Mae Guide)
Are you a commission-based, gig economy, or hourly wage worker wondering if your fluctuating income can get you approved for a mortgage in Kentucky? The answer is YES—with the right documentation and strategy. Here’s what you need to know to get approved with variable income for FHA, VA, USDA, and Fannie Mae loans in 2025.
📌 What is Variable Income?
Variable income includes pay that changes monthly—like bonuses, overtime, tips, commissions, or self-employed earnings. Mortgage lenders require a history of income and proof that it's likely to continue.
🏠 FHA Mortgage Guidelines
FHA loan Kentucky | FHA variable income | Kentucky mortgage approval
- 2 years of variable income history
- Income consistency required
- Documentation: W-2s, pay stubs, full tax returns
🇺🇸 VA Loan Guidelines
VA loan Kentucky | veteran mortgage KY | variable income VA loan
- 1-2 years of consistent income
- Must pass residual income test
- Docs: Tax returns, LES, employer verification
🌾 USDA Loan Guidelines
USDA loan Kentucky | rural mortgage KY | USDA income rules
- 12-24 months income history
- Stability must be documented
- Docs: 2 years of tax returns, YTD paystubs, VOE
🏡 Fannie Mae (Conventional Loan) Guidelines
Conventional mortgage KY | Fannie Mae variable income
- Minimum 12 months history (24 preferred)
- Trending analysis required
- Docs: Pay stubs, tax returns, income verification
📄 Tips for Getting Approved with Variable Income
- File taxes on time
- Keep consistent, accurate income records
- Avoid long income gaps
- Request an income stability letter from your employer
Bonus: Include side income if documented.
👨💼 Advice from Kentucky Mortgage Expert – Joel Lobb
“As a Kentucky mortgage broker, I’ve helped hundreds of buyers get approved using commissions, bonuses, and gig work. The key is documentation and program selection.”
📞 (502) 905-3708
📧 kentuckyloan@gmail.com
🌐 www.mylouisvillekentuckymortgage.com
NMLS #57916 | Equal Housing Lender
📊 Infographics & Visuals
- FHA Income Approval Chart
- VA Residual Income Chart
- USDA Income Verification Infographic
- Fannie Mae Trending Income Graphic
🎯 Call to Action: Ready to Get Pre-Approved?
Let Joel Lobb and his team help you qualify using your variable income.
- ✔️ Free Pre-Approval
- ✔️ Same-Day Responses
- ✔️ Zero-Down Loan Options
Contact Joel Today:
www.mylouisvillekentuckymortgage.com
NMLS #57916 | www.nmlsconsumeraccess.org
