Foster-Care Income
Income received from a state- or county-sponsored organization for providing temporary care for one or more children may be considered acceptable stable income if the following requirements are met.
| ✓ | Verification of Foster-Care Income |
|---|---|
| Verify the foster-care income with letters of verification from the organizations providing the income. | |
Document that the borrower has a two-year history of providing foster-care services. If the borrower has not been receiving this type of income for two full years, the income may still be counted as stable income if
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For additional information, see B3-3.1-09, Other Sources of Income.