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Gross income

Credit scores & reports
Your total income before tax and deductions.

Overview

Lenders often look at gross income when assessing affordability.

It includes salary, bonuses, and other earnings.

Why it matters

  • It influences how much you can borrow.
  • It affects affordability calculations.
  • It is used in income verification.

FAQs

Is gross income the same as take-home pay?

No. Take-home pay is net income after deductions.

Do lenders use gross or net income?

They consider both, depending on the product.

Related terms

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