Watch this Team NuVision video and take a few notes:
seasonal pay
child support
retirement pension payments
unemployment compensation
VA benefits
military pay
Social Security income
alimony, and
rent paid by family
all qualify as income sources.
Part-time pay, overtime, and bonus pay also count as long as they are steady. Special savings plans-such as those set up by a church or community association - qualify, too. According to HUD, income type is not as important as income steadiness with the FHA.
