Tag: calculating income

Median Income and HomeReady® – What is Mandatory Income for Married Borrowers?

Question: My clients are married, and one spouse can qualify for the loan on their own.  Do I need to include their spouse, or can I leave them off the loan so that they meet the maximum median income requirements for a HomeReady® loan? Answer: The agencies leave a huge loophole for lenders to take […]

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