Compliance Income Training

Join WHEDA Single Family’s Adam Schnabel and Mike Maretti as they work through the completion of the WHEDA Compliance Income Worksheet.

Review our fictional loan scenario featuring Jim and Janene Johnson, who are hoping to be approved as first-time home buyers.

Follow along with the sample documentation links below to accurately calculate their Total Household Compliance Income and determine their eligibility to utilize WHEDA’s loan programs.

Documentation

• Compliance Income Worksheet.xlsx (Completed)
• Compliance Income Worksheet.xlsx (Uncompleted for you to fill out as you watch the video)
• Documents used to generate the numbers in video:
  • Jim's Borrowers Affidavit and Agreement.pdf 
  • Jim's Work number wvoes.pdf 
  • Janene's wvoe for non-Borrowering Spouse.pdf 
  • Jim and Janene's Income Documents (W2 and paystub).pdf 

Referenced Links

• Lender Toolkit
• Form 29: Compliance and Income Review Request

Questions? 

Reach out to [email protected] or [email protected] and we'll have someone contact you.