Non-purchasing spouse's unreimbursed employee expenses

As long as you can prove their unreimbursed expenses from your job you should be fine

Yes this is a very common scenario and does often get missed by loan officers.sounds like this is a very tight deal.

Some underwriters probably wouldn't require anything additional. Some underwriters may ask for documentation from your husband's employer stating that he does not have any unreimbursed employee expenses.

2106 expenses are always deducted from the income, however in your scenario, if the expenses are identified as coming from you on form 2106, and you are not applying, then they should be ignored.. If however the expenses are not identified as being your expenses, then the underwriter has no option but to deduct them from the borrowers income.. Also, I wouldn't give your loan officer too hard a time about this.. The fact that he was concerned about 2106 expenses says that he at least knows more than the average loan officer, as most would look at you cross eyed if you brought that up to them.. Also understand that although the guidelines are pretty clear about how these expenses are considered, each lender can have their own rules above what the conforming guidelines are.. so it's still possible that the underwriter might want to deduct these expenses from your husband.. if that's the case, you just change lenders. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

If the unreimbursed expenses are your and you can prove it, not sure why this would be a problem?

It sounds like you are at a bank and not using a mortgage broker.. Brokers have access to numerous lenders (we have 21) with each lender offering a variety of lending programs, options and overlays.. when one says no, we just go with another.. As I stated in my previous post.. the rules are very clear.. if your not applying, and those expenses have been identified as yours, the non borrowing spouse, then they should not be considered.. What your dealing with is a lender "Overlay", or the banks own internal guideline.. not conforming guidelines.. if your loan officer is not able to get past this, then I would move your loan now to a local mortgage broker.. not another bank, mortgage bank or credit union. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Typically, when dealing with a large brokerage office, the loan officers are Highly Encouraged to send all files through one investor.. so even though they might be a broker, they are really acting like a bank or mortgage bank and being confined to one set of lending guidelines.. This loan is not difficult and those expenses should not be a problem for 95% of the lenders out there.. Good luck.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

no concern on the deferment loans for schooling. as long that they are deferred for over 1 yr from closing it sounds like your loan officer is sort of new in the business linda

Switch to a loan broker who has multiple lenders: several we use will look at his w2 income only, and will not require tax returns, assuming he is w2 income only. Sorry, we do not lend in Michigan.

Email me your contact information, and I will help you find a broker/lender who can help you.

My email is primefinancial@frontier.com. Dave Metsker

Really shouldn't be an issue for an underwriter as long as they are clearly your expenses and not his. Find a more experienced loan officer to handle your loan, or just insist he submit the loan for review. Let me know if I can help.