my husband is on wc. Will that income be counted for a mortage qualification as well as my steady income?

Tynetta
Other/Just Looking
Greensboro, NC

My husband got hurt back in Nov 2007 and we want to purchase a home. He is still collecting WC.

Answers (1)
Len Montgomery
Agent
Guilford County, NC
FIRST ANSWER

Hi Tynetta,

That is a tricky question without a clear answer. The short is, yes, it can be counted under certain circumstances and based on the policy of the individual lender. i would recommend that you speak to several mortgage professionals and ask them what the policy of their company would be. For those who would accept it, there will likely be conditions such as being able to verify the WC will pay for at least "X" amount of time. Or it may be that they want to confirm the position at the company is secure when he is healthy again. Be sure that you DO NOT allow them to pull your credit until you are comfortable with the answers they give. I am not certain of what they could offer, but I have a couple of very reliable experts I would be happy to refer you to to get you started. You can reach me through my profile here or through my website.

Mon May 18 2009, 15:37

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