FHA Mortgage Lenders Allow Nontaxable income such as Social Security, Pension, Workers Comp and Disability Retirement income can be grossed up 115% of the income can be used to qualify for an FHA mortgage loan.
Unacceptable Sources of Income Include:
The following income sources are not acceptable for purposes of qualifying the borrower: Any unverified source of income, Income Income determined to be temporary or one-time in nature, Retained earnings in a company, Stock options, Trailing spouse income, Unverifiable income, education benefits, Income derived from State approved marijuana dispensary, even ifW-2 wages