Can I use bonus income for FHA?
Yes, with a 2-year history and likely continuance. Calculation is usually a 24-month average.
What this actually means.
Sales bonuses, performance bonuses, and similar variable comp follow the same rule as overtime. A one-time bonus from a job change does not count. Documentation comes from W-2s, employer verification, and YTD pay stubs.
Where this can move.
Income type, employment history, debt ratio, reserves, automated underwriting findings, and lender overlays can change the answer.
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Educational only. FHA guidelines, lender overlays, rates, fees, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with HUD, FHA, or any government agency.