What qualifies as an income source for a mortgage loan?
- Seasonal pay
- Child support
- Retirement pension payments
- Unemployment compensation
- VA benefits
- Military pay
- Social Security income
- Alimony
- Rent paid by family
- 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