A salaried W-2 position is an example of non-fluctuating income because the borrower receives a consistent, fixed salary each pay period. This type of income is easy to verify and predict, making it ideal for mortgage qualification.
Other types of fluctuating income:
Self-employed income (B) and commission-based income (C) vary based on the nature of work and can fluctuate month to month.
Part-time work with irregular hours (D) also fluctuates due to varying work hours, making it inconsistent.
[References:, Fannie Mae Selling Guide for income verification, Freddie Mac's Loan Product Advisor for employment income documentation, , ]
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