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mortgages 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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