Tag: pastoral income

For most people, this is not a popular topic. But, for ministers and pastors looking to build, refinance, or buy a home, it sure is. First of all, pastoral income can vary widely. Furthermore, many lenders do not understand how to count clergy housing allowance as income. Therefore, finding a mortgage lender who understands clergy […]

Capacity, credit, collateral, and capital are considered the 4 C’s of mortgage lending.  Basically, these are the main areas lenders review to qualify a borrower.  But these 4 categories are broken down into many subsets.  This article is going to discuss the capacity to pay back the loan and more specifically discuss the role of […]

Pastoral Housing Allowance We love helping pastors buy homes!  So much so, we have to share this success story and “prayer” answered.  Picture this loan scenario which involved the often misunderstood pastoral housing allowance. A pastor and military veteran buyer No down payment Almost all nontaxable income Excluded personal debts paid by the church Good […]

We Understand a Pastor’s Nontaxable Income You are going to say “Amen, it’s about time someone understands my income!”.  Because our team fully understands how the pastor housing allowance may be counted for mortgage loans.  So whether you are a pastor, priest, or reverend, often you receive nontaxable income. But the problem is that lenders won’t count a large portion of […]