What types of income are included in your income limits? Are there any types that are not considered income?

Lenders/Realtors/Nonprofits

What types of income are included in your income limits? Are there any types that are not considered income?

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Income generally includes wages, salaries, commissions and tips; assets & business income; assistance & support (alimony, social security, child support, etc.) and military income. Check out our Lender Manual here for more details; income info starts on page 12:

http://www.calhfa.ca.gov/homeownership/bulletins/manual.pdf

Please also note that for purposes of income limits, CalHFA uses only the income of the person(s) who are qualifying for the first mortgage. We do not include the income of occupants who are not on the first mortgage.

CalHFA does not lend money directly to consumers. CalHFA works through and uses approved private lenders to qualify consumers and to make all mortgage loans. CalHFA purchases closed loans that meet CalHFA's requirements. The fees consumers pay could be different depending on the lender and the program.

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What types of income are included in your income limits? Are there any types that are not considered income?

https://www.fuzeqna.com/calhfa/ext/kbdetail.aspx?kbid=498