John and Carl are both correct. My only suggestion would be the possiblity of another family member helping you qualify as a "non-occupying co-borrower" This acts somewhat like a co-signer on a car loan, the person would help you qualify based not only on your debt, income, and credit, but also their income, debt, and credit situation. A qualified mortgage professional could explain more if you have another family member willing to help with proof of income documentation. Best of luck!

Since he has been paid entirely in cash this year, you have a problem. I'll assume there has been no withholding for taxes or social security which technically classifies your husband as self employed. Being self-employed, FHA guidelines would call for a two year history of self employment as proven by his tax returns. Without a two year self-employment history, you won't be able to secure an FHA home loan. My only suggestion would be for him to find employment with w-2 type wages. FHA is very strict on their documentation guidelines.

Cash income can not be used to qualify for an FHA loan. You husband will need to be employed at a firm that produces pay stubs and W2's/1099's in order for the income to be counted. In the last week most lender will no longer accept a hand written pay stub.

Mrs Baxter

I'm doing a little research for you, please email me your contact information so I can get additional information from you.

Thanks
Cathy Cataletto
CathysCasa@aol.com