Tag: projected income

FHA – FHA Expected Income – Relocation: Can we use the income when a client is transferring with the same company, but different job, and will not have a paycheck prior to closing?

Answer: FHA would allow the new income to be used for qualifying per their Expected Income guideline below.  If you can comply with this guideline, then the income should be acceptable. Reference: 4000.1, II, A, 4, c xii (L) Expected Income (TOTAL) (1) Definition:  Expected Income refers to income from cost-of-living adjustments, performance raises, a new job, […]

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