FHA – Tip Income Calculation: What are the guidelines for calculating Tip income for an FHA loan?

Answer: FHA does not have a specific Tip Income guideline, I’ll be answering your question based on my personal experience rather than providing a definitive “tip income” guideline.  Your underwriter will make the final determination on how to calculate the qualifying income. In my experience, Tip Income would follow the same documentation and calculation income [...]