B3-3.3-04, Housing (Parsonage) and Automobile Allowances (03/04/2026)

The following table provides requirements for housing (parsonage) and automobile allowance income.

Criteria	Requirements
Documentation	The lender must obtain a completed Request for Verification of Employment ( Form 1005), or the most recent paystub and most recent W-2. Additionally, a verbal VOE is required. See B3-3.1-04, Verbal Verification of Employment B3-3.1-04, Verbal Verification of Employment, for specific requirements.
Income History	A minimum 12-month history is required.
Income Continuance	The lender is not required to verify continuance unless they have reason to believe the income may not continue.
Determination of Qualifying Income	The lender must add the full amount of the allowance to the borrower's monthly income, and not use it as an offset of the corresponding liability.

Note: The above requirements do not apply to military quarters' allowance. See B3-3.3-05, Military Income B3-3.3-05, Military Income, for additional information.

Recent Related Announcements

The table below provides references to recently issued Announcements related to this topic.