Showing posts with label fha part time income. Show all posts
Showing posts with label fha part time income. Show all posts

Tuesday, June 14, 2011

What You Need To Know About Part Time Income With FHA...

Good Morning!


I've talked about this before, but I think it's worth revisiting...

If you are trying to purchase a house with an FHA loan - and you are using part time job income, be aware of this...

FHA will want to see that you have a two year stream of this part time income before they will give you credit for it.

...So, in other words if a loan officer tells you that you need more income - you can't just run out and get a part time job to satisfy this need. ...You wouldn't fulfill the 2 year work history on it.

You do have other options though... If you are in this situation - please give me a call or drop me an email. I would love to try to help you.





I hope you have a great day! Thanks for reading!



Brett