Income & Underwriting

No. Pylon does not currently originate loans where rental income from an investment property is required for the borrower to qualify. Rental income from a departing residence, supported by a lease, is evaluated separately.

Pylon currently uses W-2 income only. Mixed W-2 income — including base salary, commission, bonus, tips, and overtime — is all eligible.

Either is acceptable. The borrower application runs a soft credit check at Pylon's expense. If you prefer to use a credit report you've already pulled, you can import it in the Credit & Liabilities tab to override the soft pull.

Yes. Credit reports may be reissued from supported credit providers (e.g., Advantage). Confirm the credit company with your account contact when arranging the reissue.

Yes. Rapid rescore can be accommodated during the loan process.

Yes. The L1A visa is acceptable for borrower qualification.

Yes. IRA distributions may be used as qualifying income for retirement-age borrowers, following standard Fannie Mae and Freddie Mac guidelines.

Yes, with conditions. For hourly employment, the position must guarantee 40 hours per week or be classified as full-time. The borrower's employment must begin within approximately 60 days of the note date, and the first paystub may be required to use the income.

Yes. Transfers from a foreign bank account to a U.S. account are acceptable; documentation establishing a clear paper trail of the transfer is required.

Yes. Pylon runs AUS on all Jumbo loans. AUS results are visible in the Products & Pricing screen in Command Center.

If a borrower has sold their primary residence and the mortgage is paid off, mark the liability in the Credit & Liabilities tab as "exclude — financial contingencies clear."

Pylon can accept these arrangements. Per standard Fannie Mae guidance, if the departing residence is under contract free of contingencies, the departing mortgage payment can be omitted from qualification. Provide the contract as supporting documentation.