B3-3.4-14, Section 8 Housing Choice Voucher Homeownership Program Payments (03/04/2026)

The Housing Choice Voucher Homeownership Program (more commonly known as Section 8) is an acceptable source of qualifying income.

Criteria	Requirements
Documentation	The lender must obtain evidence: of the payment amount from the public agency that issues the voucher, and the borrower will receive at least one payment on or before the first payment due date.
Income History	No minimum 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 determine the monthly payment amount from the public agency that issues the voucher. Note: The full amount of documented qualifying income is nontaxable and may be grossed up. See B3-3.1-01, General Income Information B3-3.1-01, General Income Information for nontaxable income guidelines.