Can a borrower on maternity leave qualify for a loan?

By
Real Estate Mortgage Broker 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
267,420
Dan Hopper
Denver Realtor Advocate/Short Sale/Loan Modificati
RE/MAX Alliance, www.danhopper.com

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
Rainer
20,922
Renee Gerke
GML,GRL,CRMS
Peoples Mortgage Company

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
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Rainer
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Renee Gerke

GML,GRL,CRMS
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