Residual Income (applicable to HECMs only)
Last updated 2026-08-01
FHA Single Family Housing Policy Handbook Glossary November 26 2025
Updated 2026-08-01
Residual Income refers to the total monthly Effective Income from all sources described in Effective Income Analysis for the Borrowers obligated on the Mortgage, minus the total monthly expenses from all sources described in Monthly Expense Analysis for the Borrowers obligated on the Mortgage.
FHA Single Family Housing Policy Handbook Glossary November 26 2025
p. 50
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