What income sources can be used to qualify for a mortgage?
What income source can be used to qualify for a mortgage?
There are several income sources that can be used to qualify for a mortgage including:
- 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 also qualify
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