Video — How Do Your Income Sources Qualify For An FHA Loan?

seasonal pay

child support

retirement pension payments

unemployment compensation

VA benefits

military pay

Social Security income

alimony, and

rent paid by family

all qualify as income sources.

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, too. According to HUD, income type is not as important as income steadiness with the FHA.