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Jul 30
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FHA Q and A
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21 Is child support and alimony counted as a liability for qualifying?
22 Can I consider rent received from boarders as effective income for FHA loan qualifying?
23 Self Employed Borrowers Documentation for FHA
24 Can I use Alimony, Child Support, Maintenance Income to qualify for FHA financing?
25 Can gift funds be provided from a friend or other unrelated party?
26 Can you use Overtime and Bonus Income to qualify for an FHA loan?
27 What are Compensating Factores for FHA loan qualifying?
28 Can FHA gift funds be provided from a friend or other unrelated party?
29 What are the responsibilities of the lender in a market with declining property values?
30 How do lenders document cash assets?
31 Are automobile allowance considered effective income?
32 What documents is the co-signer required to sign for an FHA mortgage?
33 Can I do a FHA refinance if I own the property, but am not named on the existing FHA loan?
34 Is income from employment that has not begun considered effective income?
35 How is commission income calculated?
36 How do I document assets in an investment account for an FHA loan application?
37 How do I document income received from a trust?
38 If the property to be insured is an eligible investment property or sold through FHA's REO program, the following calculations of qualifying ratios apply:
39 What debts are not considered in the qualifying ratios?
 
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