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Can an annuity be used as income toward a VA home loan? |
I also have a job but haven't been there but a month. Its 90,000 over the next 13 years. However, I don't own the annuity. I'm just the person it is paid to (lawsuit settlemet). As long as it will continue for 3 years or more, and you can document it, you can count it. If you have a history of working in the same field, you can count your new jobs income too. Source(s): 25 Years in the Business Seems if it's a verifiable source of cash, it could be used to qualify you. www.bankrate.com As long as you can prove income which you would be able to do via tax return or a 1099 from the annuity company...that should be good enough It would just be a source of assets you dont need a down payment on a VA loan. But it might help you qualify. You should be able to use it as income if you can prove you have received income for the past year and you can prove you will continue to receive it for the next 3 years. 30 years mortgage real estate exp. |
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