Employment and Income Requirements

A borrower must show a history of stable income (a minimum of two years within a profession without frequent job changes). Self-employed or commission income borrowers must average the last two year’s adjusted gross income from their federal tax returns (gross income minus business expenses). In addition, a borrower must show a 12 month history for child support and alimony payments that will be used as income (e.g. cancelled checks, court documents, etc.) and be able to prove that the payments will continue for a minimum of three years.