Although Per Diem income may seem like income, FHA will not allow it to be used to qualify you for a mortgage loan because the intent of the income is to cover additional expenses incurred by the employee.

Related Article Title: Per Diem Used as Income on an FHA Loan Question: Are there any circumstances where FHA will allow Per Diem income to be used? Answer: Unfortunately, FHA does not consider per diem payments as income, nor does the IRS. They are considered a reimbursement to cover additional expenses incurred by an employee, not actual income to […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top