If you received non-taxable income, that income can be “grossed up” to help you qualify for more. The reason is that lenders use your gross income when considering your debt-to-income percentage.

Related Article Title: VA – Grossing Up Disability Income Question: Can VA Disability Income be grossed up, and if so, how much? Answer: The IRS website indicates that VA Disability is exempt from federal income tax. The guideline below from the Lenders Handbook explains that while non-taxable income can be grossed up, it can only be […]

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