Posted on: 25th Dec, 2008 12:52 pm
for example, if person's net SS income is 1000, gross ss income include the midecial permium is 1188, what is max income can be use for apply a FHA loan?
Hi zaidiyu!
Welcome to forums!
In my opinion, the medical premium will not be considered as an income. I think the SS income of $1000 will only be considered.
Sussane
Welcome to forums!
In my opinion, the medical premium will not be considered as an income. I think the SS income of $1000 will only be considered.
Sussane
The income that can be used is probabaly $1,000 and if you do not pay taxes on that it can probabaly be grossed up at 125% so the useable income for qualifying is probabaly $1,250
