Happy Thanksgiving to all,
I am wondering how lenders will calculate income requirements for DTI purposes. I am a retired, 100% permanent and total disabled vet who also qualified for SSDI. I do not work and all my income is well..tax free, so not really gross income. I am looking at purchasing a house next year and maybe some.of you experts can explain to me how net income would be handled.
Data is live in Texas
I have a total NET income from DoD, VA and SSDI of $6900 every month, it is stable income as no further re-evaluations are required by VA or SSA for my disabilities and retirement is of course stable income.
Any insight would be appreciated.