When USDA reviews maximum income, they look at it based on “anticipated income for the coming year”. If a client received a true “one-time” signing bonus and is not receiving these bonuses as part of their income, then the lender would not need to count that in the maximum income.

Related Article Title:  USDA – Income Requirements:  Does a one-time signing bonus need to be included as income for the USDA maximum income requirements? Answer: A one-time employment signing bonus is not specifically addressed in the regulations, but the following is offered in the regulations that may help you.  “Annual income is used as the […]

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