Selling Guide

Published December 16, 2020

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What are the requirements for housing or parsonage allowance?

Housing or Parsonage Allowance

A housing or parsonage allowance may be considered qualifying income if there is documentation that it has been received for the most recent 12 months and the allowance is likely to continue for the next three years. The housing allowance may be added to income but may not be used to offset the monthly housing payment. 

Note: This requirement does not apply to military quarters’ allowance. For information on military housing, refer to B3-3.1-03, Base Pay (Salary or Hourly), Bonus, and Overtime Income.

 

For additional information, see B3-3.1-09, Other Sources of Income.

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