video: What Qualifies As Income For FHA?

 

Watch this video and take a few notes:  

  • seasonal pay
  • child support
  • retirement pension payments
  • unemployment compensation
  • VA benefits
  • military pay
  • Social Security income
  • alimony, and
  • rent paid by family  

all qualify as income sources.
Part-time pay, overtime, and bonus pay also count as long as they are steady.
Special savings plans-such as those set up by a church or community association - qualify, too.
According to HUD, income type is not as important as income steadiness with the FHA.

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