The more income you can bring to the lender, the more money you'll be able to borrow for your dream home. You may not realize it, but there are many income sources, not just a paycheck, that you can use to qualify!

1. Alimony and Child Support

If you receive alimony or child support, you can use it for qualification, but you'll have to show that the income will continue for at least three more years. You'll also need court documents, such as a copy of divorce decree or a written agreement describing the payments.

2. Boarder or Rental Income

If you have a rental unit, either on your property or at another location, you can use this income for qualification . You'll need to obtain documents of the boarder's or renter's residency and show documentation of the income for at least the past 12 months.

3. Capital Gains

If you profit from the sale of property or an investment, you can use this income, called “capital gains,” to qualify.