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Tag: commission income fha

FHA Commission Income Rules to Buy a Home

Commission income comes with the ability to make more income. Yet, this form of income usually comes with fluctuating ups and downs. Which is why mortgage loan guidelines want to see a history. Usually a minimum 2 year history for commission or bonus income. Even though many lenders require two years, we follow the FHA […]
Buying a Home with Less Than 2 Years of Commission Income

It happens all the time where someone builds up the nerves to venture from an hourly or salaried position into a partial or full commission income job. If the person is good at what they do, the income potential can be much higher than a salaried job. But, then you find out it is hard to […]

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Russell Smith | Branch Manager, NMLS ID# 78989 | Licensed in NC, SC, VA

ALCOVA Mortgage LLC | NMLS#40508 | (www.nmlsconsumeraccess.org) | 308 Market St SE, Roanoke, VA 24011

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