+1 vote
If the borrower is 100% owner of an S-Corp, and the co-borrower spouse started working for him in Jan/2017 and can verify income via the year end pay statement, 2017 W2 and deposits into an asset account, can the co-borrower's income be used to qualify? Let's say that the 2017 personal and business tax returns are not yet required to be filed.
asked Feb 14, 2018 in Conventional Loans by Karen

1 Answer

0 votes
W2 wage earners can be eligible for mortgage loans with six months of continuous fulltime employment. The fact that the co-borrower is the spouse of the main borrower and works for the borrower may pose issues with the underwriter.
answered Feb 14, 2018 by GustanCho (106,540 points)

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