Tag: W2 to 1099

Borrower Income Changed from W2 to 1099

Question: My client has been in the same line of work and same position for years, however, he recently changed from W2 income to 1099 income. What is the minimum time frame for using this income to qualify for an FHA loan? Answer: FHA will allow a borrower to use self-employment income for qualifying if […]

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