For FHA loans, Foster care income may be grossed up to assist the client in qualifying for a mortgage.
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Answer: Yes. Read the FHA guideline below for complete details. [tweet-start]FHA allows Foster care income to be grossed up to assist the client in qualifying for a home.[tweet-end] Reference: 4000.1 Manual (P) Non-Taxable Income (Grossing Up) (TOTAL) Definition: Non-Taxable Income refers to types of income not subject to federal taxes, which includes, but is not […]