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| FHA QUALIFYING ROOMATE RENT FOR INCOME |
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Income from roommates in a single-family property to be occupied as the borrower's primary residence is not acceptable. Rental income from boarders is acceptable if the boarders are related by blood, marriage, or law. The rental income may be considered effective income if shown on the borrower's tax returns. Otherwise, the income only may be considered a compensating factor and must be documented adequately by the lender. Click the START NOW to get Pre Approved Today!
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