If a borrower only receives commission pay for 18 months, which of the following actions...

Standard guidelines recommend a 2-year history of commission income to count it as qualifying income. However, lenders may consider a shorter history if there are positive factors to offset the shortfall. MLOs should always take the application and allow underwriting to review the overall credit risk.

“Generally, a minimum history of two years is recommended for commission income, but a shorter period may be considered with compensating factors.”

— Fannie Mae Selling Guide, B3-3.1-05: Secondary Employment Income