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Will not accept part-time income to be included in income to debt ratio

by Crazyg_366_166 from West Palm Beach, Florida. Nov 3rd 2012 Reply


William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

In order for any income to be considered it has to be continual by at least 2 years.. so for that reason the lender will only consider part time employment if you have received it for at least 2 years, and you must have claimed it on your tax returns as well.. that's the guideline for both conventional and FHA 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. 480-287-5714 WilliamAcres.com

Nov 4th 2012
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Derick Condron (rightstartoregon)
#30 ranked lender in Oregon - 598 contributions

Part time income is not considered consistant. If you have had the same position for 2 years then a lender could look at it. The other peice is proving that the income will be continueing as well.

Nov 4th 2012
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