A borrower currently has a second job but plans to quit the job in the next couple of months. Does the income need to be included?

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Borrower has less than a two-year employment history with a one-month gap. Is this allowed?

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Borrower has received a car allowance for less than two years. This is needed for qualifying income. Can we use it?

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Do you allow borrower to close before starting work if an offer letter is provided?

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Does KHC require a year-to-date profit and loss statement for a self-employed borrower?

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For compliance income, do we have to use commission income if we don’t need it for qualifying and it hasn’t been received for two years?

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If a borrower has a new part-time job and will be getting a raise next month, does the new income and the raise need to be included?

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If a borrower has applied for a KHC Secondary Market Program loan and will retain their current non-KHC financed residence and rent it, what portion of the rent should be included?

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In addition to employment income, what other types of income should be included in the compliance income calculation?

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Is applicant income or household income used to determine if a loan is within KHC program income limits?

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