Per diem income is not considered as “income” when qualifying for a mortgage loan.

Article Title:  Fannie Mae & FHA – Per Diem Income:  Can per diem income be used to qualify a borrower? Answer:  FHA FHA does not consider per diem payments as income, nor does the IRS – which is why it is not shown on the W2.  They are considered a reimbursement to cover additional expenses incurred […]

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