Applying for loans/mortgage as a travel nurse

[travelingkat85]

Hello! to my fellow travel nurses out there, have you had a hard time prequalifying for a mortgage due to our "low reported salary". I know the advantage of travel nursing is that our stipends are tax-free and our reported salary doesn't reflect our full take home pay. I am planning on buying investment property in the future and am concerned that this may affect how much I am preapproved for. Anybody out there with past experience that they can share? 

Thanks!

[NedRN]

Depends on the lender. Some will accept your contract for proof of total compensation. Assuming you settle down somewhere sometime, your earning potential could also count as a staff nurse.

The same can apply to things like workers comp and disability. These benefits (hopefully you never qualify) may require a lawyer to get agencies to consider your full compensation.