topic Non US Income -- Impact on US Mortgage Loan in Mortgage Loans http://ficoforums.myfico.com/t5/Mortgage-Loans/Non-US-Income-Impact-on-US-Mortgage-Loan/m-p/1843905#M111998 <p>We are looking to purchase our first home and I have a question regarding the calculation of the Income and the NetWorth for the mortgage loan purpouses.</p><p> </p><p>- We have a commercial rental property outside of US.</p><p>- We recieve rental income from this property<br>- This property and the income is disclosed in our Federal taxes and the income tax is paid on the rental income.</p><p> </p><p><strong>My questions:</strong><br>-- Will this rental income be included in the calculation of our gross income?<br>-- Will the rental asset be included in the calculation of the networth?</p><p> </p><p>Thanks for your time.</p> Wed, 30 Jan 2013 23:07:14 GMT LoneEagle 2013-01-30T23:07:14Z Non US Income -- Impact on US Mortgage Loan http://ficoforums.myfico.com/t5/Mortgage-Loans/Non-US-Income-Impact-on-US-Mortgage-Loan/m-p/1843905#M111998 <p>We are looking to purchase our first home and I have a question regarding the calculation of the Income and the NetWorth for the mortgage loan purpouses.</p><p> </p><p>- We have a commercial rental property outside of US.</p><p>- We recieve rental income from this property<br>- This property and the income is disclosed in our Federal taxes and the income tax is paid on the rental income.</p><p> </p><p><strong>My questions:</strong><br>-- Will this rental income be included in the calculation of our gross income?<br>-- Will the rental asset be included in the calculation of the networth?</p><p> </p><p>Thanks for your time.</p> Wed, 30 Jan 2013 23:07:14 GMT http://ficoforums.myfico.com/t5/Mortgage-Loans/Non-US-Income-Impact-on-US-Mortgage-Loan/m-p/1843905#M111998 LoneEagle 2013-01-30T23:07:14Z Re: Non US Income -- Impact on US Mortgage Loan http://ficoforums.myfico.com/t5/Mortgage-Loans/Non-US-Income-Impact-on-US-Mortgage-Loan/m-p/1844245#M112006 <p>My UW ask For 2 years of the Checking Account statements That I receive the Income from the 2 houses out of the US</p> Thu, 31 Jan 2013 02:00:13 GMT http://ficoforums.myfico.com/t5/Mortgage-Loans/Non-US-Income-Impact-on-US-Mortgage-Loan/m-p/1844245#M112006 hackgizz 2013-01-31T02:00:13Z