Did you know that FHA views your part-time employment as your primary employment if that is your only job? This difference between FHA and other loan programs may assist some of you with a shorter part-time work history, such as parents returning to work after having children, that need that extra income to qualify for a home. Contact me with your income questions before shopping for a home!
Related Article Title: FHA Distinction Between Part-Time & Secondary Employment Question: My co-borrower was a stay-at-home Mom for a few years and recently went back to work as a part-time employee. How many months is required on this job before we can use the income? Mortgage Income Analyzer™ – Part -Time Employment Answer: While it’s […]