Can a borrower on maternity leave qualify for a loan?

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Mortgage and Lending with Peoples Mortgage Company
http://actvra.in/dcx

A borrower on maternity leave can be on the loan but we cannot use any qualifying income unless the employer will verify that the borrower will be receiving their FULL normal income while on leave. Any type of short term disability or reduced pay can not be used as qualifying income

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Rainer
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Dan Hopper
RE/MAX Alliance, www.danhopper.com - Westminster, CO
Denver Realtor Advocate/Short Sale/Loan Modificati

Thanks, Renee.... info I needed for one of my clients I met with, yesterday.  That came up during the buyer consultation, and I believe we are on our way with obtaining the right documentation for their lender.

June 30, 2011 11:11 AM #1
Rainer
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Renee Gerke
Peoples Mortgage Company - Chandler, AZ
GML,GRL,CRMS

Glad to help Dan... isn't it funny how sometimes things just happen at the right time?  Best of luck with your client.

June 30, 2011 11:15 AM #2
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Rainer
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Renee Gerke

GML,GRL,CRMS
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