Unless you are on maternity leave, then Short Term Disability income could NOT be used as Qualifying Income. To meet the standards for Qualifying Income, it must be reasonable and consistent and continue at east 36 months into the future.
The Agencies (Fannie Mae, Freddie Mac, HUD) have very specific requirements that must be met before that type of income may be used.
If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at www.rodneymason.com to get started.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyleÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing.... more
The property you are inquiring about did not come through, you should go back to the ad you saw on trulia, click on the listing agents profile and email them direct, they are the best one to answer your question.... more