FHA Boarder Income: Does FHA allow boarder income?
Answer: To claim boarder income the borrower needs to show this income on their Schedule E as per the guidelines below. Be sure to use the averages as indicated. Reference: 4000.1, II, a, 4, c, xii, (I) (4) Boarders of the Subject Property (TOTAL) (a) Definition: Boarder refers to an individual renting space inside the Borrower’s Dwelling Unit. (b) Standard: […]