How Much Can You Gross Up Non Taxable Income On An Fha Loan

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 The Federal Housing Administration (FHA) allows lenders to "gross up" certain non-taxable income when calculating a borrower's qualifying income for an FHA loan. Grossing up non-taxable income involves increasing the amount of non-taxable income used for qualification purposes to account for the taxes that would typically be deducted from taxable income.

As of my last update, the FHA allows lenders to gross up non-taxable income by 25%. This means that the lender can increase the amount of non-taxable income by 25% before calculating the borrower's qualifying income.

For example, if a borrower receives $1,000 per month in non-taxable income, the lender can gross up this income by 25%, resulting in $1,250 ($1,000 + 25% = $1,250) being used for qualification purposes.

It's important to note that grossing up non-taxable income is subject to FHA guidelines and lender discretion. Lenders may have their own policies and procedures regarding the grossing up of non-taxable income, so borrowers should consult with their lender for specific information and requirements regarding FHA loan qualification. Additionally, FHA guidelines and policies may change over time, so borrowers should verify the current guidelines with their lender or a qualified mortgage professional.

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