Requirements
Can I use bonus income for FHA?
Short answer
Yes, with a 2-year history and likely continuance. Calculation is usually a 24-month average.
Plain-English explanation
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.
What can change the answer?
Income type, employment history, debt ratio, reserves, automated underwriting findings, and lender overlays can change the answer.
Want the real answer for your file?
FHA guidelines are the rule. Your credit, income, payment, property, and county limit are what decide the actual answer.
More FHA questions on Requirements
Educational only. FHA guidelines, lender overlays, rates, fees, and underwriting requirements can change. Final eligibility depends on full underwriting review.