FHA accepts “expected income” from cost-of-living adjustments, performance raises, a new job, or retirement as long as the lender can document that the income is guaranteed and will begin within 60 days.

Related Article Title: FHA – FHA Expected Income – Relocation:  Can we use the income when a client is transferring with the same company, but different job, and will not have a paycheck prior to closing? Answer: FHA would allow the new income to be used for qualifying per their Expected Income guideline below.  If […]

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