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can i use foreign earned income and qualify for a mortgage?

interested in a loan of $150k and I can put down about 10% by mcdonaldharry23589 from Bern, Idaho. May 13th 2015 Reply


Jessika Ondrick (jondrick)
#7 ranked lender in Idaho - 11 contributions

Good Morning - We can use Foreign Income if you meet all the conforming guidelines. Here is what we need to document Foreign Income.?Copies of the borrower's signed federal income tax returns for the most recent 2 years that include foreign income.?Standard documentation requirements, based on the source and type of income must be met.?Income paid in foreign currency must be converted into U.S. currency.Let me know if I can answer any other questions you may have. I would love to help you.~ Jessika

May 13th 2015
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William J Acres (William_Acres)
#2 ranked lender in Arizona - 7,927 contributions

If your foreign income is claimed on your US filed federal tax returns for the past 2 years, then yes, you can use that income for qualifying purposes.. Other rules apply, so it's best to contact a local mortgage broker and let him look at your complete loan scenario.. only then will you know if you qualify.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

May 13th 2015
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Derick Condron (rightstartoregon)
#32 ranked lender in Oregon - 597 contributions

As long as you are claiming that and filing your US tax returns you should be good to go using that income

May 13th 2015
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