FHA normally requires a 24-month history of overtime income in order to count it for qualifying purposes. However, they will allow 12-24 months if the overtime has been consistently earned and is likely to continue. Questions?

Related Article Title: FHA – Overtime Income History: Is there a way to use overtime income if the borrower does not have a full two-year history? Answer: Per the guideline below, FHA will allow the use of Overtime income even if it hasn’t been earned for a full two years. See the details below. Reference: […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top