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Conventional Loan Question: Do employee business expenses
reported on IRS Form 2106 always
need to be deducted from the
borrower’s income?

· Form 2106,Unreimbursed,Conventional Loan

No. If the borrower is qualified using base, bonus, and
overtime pay, and commission income is less than 25% of the
borrower’s annual employment income, unreimbursed
employee business expenses are not required to be analyzed
or deducted from qualifying income or added to the monthly
liabilities.

If you'd like more details on how to put this transaction together, feel free to contact me at 949.667.2887 or info@hightouchlending.com.

- Brian Nguyen is a senior loan consultant (NMLS 659743) who learned more about this stuff than he ever intended to. The opinions expressed here are solely his own.

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