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Drucilla Coo…, Other/Just Looking in New Haven, CT

Is workers comp. considered income?

Asked by Drucilla Cooper, New Haven, CT Sun Jun 7, 2009

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Hi Drucilla, you would have to provide proof of continuance for at least 3 years then it can be considered income for a mortgage lender. Let me know if you have any further questions, I am happy to help.

All the best,

Fritz Walter
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Conventional, FHA, FHA 580-639 FICO, FHA 203 Renovation (Streamline & Consultant), HomePath, VA, VA IRRL, USDA, Jumbo financing , and No Income or reduced income. Portfolio, jumbo, and conventional programs offered for self-employed borrowers as well.
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0 votes Thank Flag Link Tue Jul 30, 2013
I wouldn't think that workers comp would be considered an income for home buying. However, I think there would be different circumstances that would need to be talked about with different lenders, as Dan mentioned. I guess it would also depend on how long you get workers comp and how often. http://www.workerscompensationvermont.com
Flag Fri Oct 24, 2014
Different lenders may look at it differently. Your best bet is to contact a mortgage broker and discuss the specifics of your situation and get specific answers that apply to you.
Web Reference: http://www.danrossre.com
0 votes Thank Flag Link Sun Jun 7, 2009
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