FHA does not have a guideline on Tip Income! This means that lenders may have different opinions regarding how to use it to qualify for a home. We are used to clients with Tip income, so call me first!
Related Article Title: FHA – Tip Income Calculation: What are the guidelines for calculating Tip income for an FHA loan? Answer: FHA does not have a specific Tip Income guideline, I’ll be answering your question based on my personal experience rather than providing a definitive “tip income” guideline. Your underwriter will make the final determination […]