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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