Income

Income under current FHA guidelines can come from multiple sources such as: Employment, Part time, Disability, Social Security, Child Support, and Retirement income such as a pension.

Part time workers must have a solid two years at the current job for income to count. The last two years of part time work income is averaged and that average is used for loan qualification. If the part time worker becomes full time then we just need the first paystub.

Only SSI and SSD are grossed up 125% / Child support and pensions are not.

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