What Type of Income is Considered for Application Approval?

What Type of Income is Considered for Application Approval?

The following is a list of sources of income we will consider in the application approval process.

  • W-2 Income
  • 1099 Income
  • Cash Income-with 12 months of support from bank statements
  • Social security payments

Sources of income that will not be considered for approval:

  • child support
  • unemployment compensation
  • student loans

If one of the ineligible sources is what an applicant considers their income for rent they should be advised a co-signor will be required.

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WILMOTH Group is headquartered in Indianapolis, Indiana and Fort Myers, Florida. We focus on providing creative local solutions for a variety of residential real estate needs including, properties for sale, property management services in Indianapolis, and short-term management services in Tampa and Fort Myers.