Appendix Q to Part 1026 — Standards for Determining Monthly Debt and Income
Some portion of Social Security, some Federal government employee retirement income, Railroad Retirement
- 1026 (Regulation Z)
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Some portion of Social Security, some Federal government employee retirement income, Railroad Retirement
Projected or hypothetical income is not acceptable for qualifying purposes.
Debt-to-income or residual income.
Overtime and bonus income can be used to qualify the consumer if he/she has received this income for
The non-applicant's salary or other income is deposited into an account to which the applicant does not
“S” corporation depreciation and depletion may be added back to income in proportion to the consumer's
The income of each consumer who will be obligated for the mortgage debt and whose income is being relied
Debt-to-income ratio or residual income.
(4) Verification of income or assets.
Commission Income.
Retirement Income.
Trust Income.
Military Income.
Rental Income.
(A) Monthly debt-to-income ratio.
If the P&L statements submitted for the current year show an income stream considerably greater than
The amount of continuing tax savings attributed to regular income not subject to Federal taxes may be
The non-applicant's salary or other income is deposited into an account to which the applicant does not
The non-applicant's salary or other income is deposited into an account to which the applicant does not
Retirement income must be verified from the former employer, or from Federal tax returns.
Stability of Income
Social Security Income.
Income Documentation Requirement.
Notes Receivable Income.
Analyzing Projected Income.