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waynetrubis
106 Posts |
 Posted - 05/08/2008 : 11:12:48 AM
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Scenario:
I have a client that has two jobs...The first she has been at for about 14 yrs and also has a second job only 8 months...So here's my question. Is there ANY ( FHA ) Lender that allow the second job at only 8 months ??? I have to have the second job added so she will DTI out.. Other than that its a pretty solid file. |
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EquitySmart
841 Posts |
Posted - 05/08/2008 : 11:16:21 AM
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| You will not be able to include the income from the second job when calculating debt ratios (for AUS approval), since the income is not considered stable unless you have 2 year history. However, you should still include this income documentation when submitting the file, since it will count as a compensating factor for FHA manual underwriting. |
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