My son wants to buy a home instead of renting

My son wants to buy a home instead of renting. He has $60k saved up for a down and he has a $90k a year inheritance for life. His grandfather closed a multi-million dollar deal and he gets paid the proceeds every year for life. Can this 90k annually qualify as income when he applies for a loan? He plans to buy a home in the $300k to $400k range with FICO scores at 795 to 810. by mcraigw431 from Discovery Bay, California. May 13th 2022 Reply