FHA – Grossing Up Non-Taxable Income: Can foster income, which is non-taxable, be grossed up for qualifying purposes?
Answer: Yes. Read the FHA guideline below for complete details. FHA allows Foster care income to be grossed up to assist the client in qualifying for a home. Reference: 4000.1 Manual (P) Non-Taxable Income (Grossing Up) (TOTAL) Definition: Non-Taxable Income refers to types of income not subject to federal taxes, which includes, but is not […]