Signed and dated letter of explanation (LOE) (including contributor name, relationship to the borrower, amount of contribution, if the contributor lives in the home.) as well as paystubs from contributor for the last 30 days. Notate within (2) most recent bank statements the deposits for the contribution income. (circle or notate deposits)
Tips on Completing
The next section asks about Rental Income. Contribution income is income that the borrower receives that can be shown to reasonably continue in the future.