Tag: mileage income

USDA Mileage Income and Income Limit Restrictions

Question: Does USDA use mileage income when calculating the income limit? Answer: For eligibility calculation (annual income) you do have to count mileage. Following is the section of Chapter 9 where you can find this information. Reference: Chapter 9 & Attachment 9A – Income Analysis – Page 16 Supporting Resources: Chapter 9 & Attachment 9A […]

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Fannie Mae – Auto Allowance & Mileage as Income

Question: My client has received an auto allowance and mileage every month for 3 years. Can I use this as income, or use it to offset his auto debt? Answer: You would not be able to use the mileage rate.  Fannie Mae stripped that out of their guidelines in 2018 due to changes in the […]

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