B3-3.4-01, General Requirements for Other Sources of Income (03/04/2026)

The documentation requirements for each income source type is outlined in the applicable income topic. The documentation must support the history of receipt, if applicable, and the amount, frequency, and duration of the income. In addition, evidence of current receipt of the income must be obtained in compliance with the Allowable Age of Credit Documents policy, unless specifically excluded below. See  B1-1-03, Allowable Age of Credit Documents and Federal Income Tax ReturnsB1-1-03, Allowable Age of Credit Documents and Federal Income Tax Returns , for additional information.

Income source types not available for selection in DU must be entered as “Other” Income on the loan application. Please refer to the DU Job Aids for more information regarding data entry to Desktop Underwriter.

See B3-3.2-02, Standards for Employment-Related IncomeB3-3.2-02, Standards for Employment-Related Income, B3-3.3-08, Seasonal IncomeB3-3.3-08, Seasonal Income, and B5-6-02, HomeReady Mortgage Underwriting Methods and RequirementsB5-6-02, HomeReady Mortgage Underwriting Methods and Requirements, for information on eligibility and verification of multiple jobs, secondary employment, seasonal employment, and other sources of income.