I’ve read through the forum and I see conflicting information regarding what is used to determine the qualification amount. I received a promotion in January (with the same company of 6 years) that increased my annual income by 9K. Will my qualification amount be based off of 2018s tax returns or off of my current salary amount (my new promotion)? Thanks in advance for answering this question!
They do look at both. I believe for your new income to be taken into consideration you should be good if that happened in January. This is from Tim Trumble on a post from September:
“If possible, obtain a letter from your employer stating the salary increase (or whatever written notice you received of the raise). Submit that and 30 days of pay-stubs and you should be able to re-qualify based on the new income figure.”