FHA – Overtime Income Calculation: How do I calculate overtime income when it was higher in 2016, lower in 2017, but higher YTD?

Answer: You will need to do 2 or 3 different calculations to figure out your qualifying income. Average the most recent 12 months of overtime income. Average the overtime income of the 12 months previous to that. If the most recent 12 month’s average is 20% (or more) lower that the average of the previous […]

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