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Daily Job Postings/Opportunities/Resume's
Job Income Source
(When applying for a home loan)
In order to qualify for a
loan, the bank will require that you have a source of income
(Most landlords to rent, rent to own, or sell on a contract for deed will require
income)
1. Part-Time job-2 year consistent
history (can be different jobs, but 2 years consistent (hourly, salary,
commission))
2. Spouse's income-(If they are going to be on the new loan)
3. Significant other's income-(If they are going to be on the new loan)
4. Social Security (need award letter or proof of deposit into bank (statement))
5. State/Government monthly money-(Need award letter or proof of deposit into
bank (statement))
6. Structured settlement-(Need court order and proof of payments being made
(cancelled checks, transfers))
7. Allowance/Gifts from parents/relatives-(Gift Funds are acceptable to FHA, but
need income stream as well)
8. Part-Time self-employed hobby income-(Need minimum of 2 years Tax
Returns to verify)
9. EBay Business - (Will need 2 years Tax Returns to verify)
10. Flea Market, Farmers Market - (Will need 2 years Tax Returns to verify)
11. Paper Route- (Will need 2 years Tax Returns to verify)
12. Non-Occupant Co-Borrower's income for FHA
13. 1099 income- (Will need 2 years of income to verify)