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Contractor income

Credit scores & reports
Income earned from contract or freelance work.

Overview

Lenders may assess contract length and history.

Evidence of stable work can improve affordability decisions.

Why it matters

  • It can affect how much you can borrow.
  • It may require additional documentation.
  • It is often treated as variable income.

FAQs

Do lenders accept contractor income?

Yes, but they often require a history of contracts.

What documents are needed?

Contracts, invoices, and bank statements are common.

Related terms

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