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Buying a Home - income qualification for a mortgage loan
Buying
a Home - What qualifies as an income source for a mortgage loan?
- Seasonal
pay
- Child
support
- Retirement
pension payments
- Unemployment
compensation
- VA
benefits
- Military
pay
- Social
Security income
- Alimony
- Rent
paid by family
- 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
>> Learn how much income
you need to
qualify for a mortgage loan to buy a home
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