Borrower is short on Residual Income as we have to count this borrower’s Student loan debt. She has been working part-time for years and recently accepted another part-time assignment. The questions are; can we use this income and if so, how much? What other documentation would we need to get?
Using a second job requires a 2-year history of working two jobs. However, the income from the 2nd part-time job can be used as a compensation factor if she is short residual of less than $100.