Tag: foster income

Will FHA or Any Other Agency Allow Foster Care Income?

Question: If my client has been receiving foster care income for over 8 years and the income is from the State, can I use this income to qualify the borrower? Mortgage Income Analyzer™ – Foster Income Answer: FHA (and USDA Rural Housing for that matter) do not consider Foster Care payments to be eligible qualifying […]

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FHA – Using Foster Care Income to Qualify

Question: Can foster care income be used to qualify as income? I found something on the Internet that said it could be. Answer: The internet can be helpful but also a dangerous place as the results can be old manuals or outdated information. That’s why subscribers count on Mortgage Currentcy to keep them up to […]

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