Newsflash: Freddie Mac Home Possible

How does Freddie Mac calculate income for the purposes of qualifying for Home Possible? Income limit in my area (rural Georgia) is $48,200. My base salary is $47,000. However, I do have occasional “side hustles.” I taught a summer class this summer and do very occasional freelance editing work. In terms of qualifying for a loan, I know they only accept base salary W-2 work, so I would think it is only fair that’s what they accept for Home Possible. Do you think I would be able to qualify for this program?

Read more at https://www.reddit.com/r/RealEstate/comments/6q42re/freddie_mac_home_possible/?utm_source=ifttt

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