FHA – Salary + Commission Income: If a borrower receives salary + commission, can I use the commission income if the commission received is less than 1 year?

Answer: The instructions for how to calculate the commission income are explained below in the FHA guideline. However, the minimum is one year provided that the borrower is in the same or similar line of work and is reasonably likely to continue. It will be up to you and your underwriters to determine what the […]

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2017-12-28T12:46:53+00:00December 28th, 2017|FHA|