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1.7.9 Flashcard Review
Amanda Ukasick
Created on September 19, 2025
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How should a mortgage lender treat the income of a woman on maternity leave?
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As temporary leave income. She is still employed, and her full income will resume. Lenders cannot treat her reduced leave income as permanent or disqualifying.
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What documentation can a lender request to verify employment during maternity leave?
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A written notice from the applicant stating intent to return, plus verification from the employer (or the employer’s representative) of the return date and right to return. No special forms are required.
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Can a lender delay closing until a woman on maternity leave returns to work?
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No. Temporary leave means “employed.” If she will return by the first mortgage payment due date, the lender must use her regular income and cannot require early return or extra paychecks.
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Can a lender ask about an applicant’s future maternity leave plans?
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No. FHA rules prohibit questions about future maternity leave. Lenders may only review current income to ensure reasonable expectation of continued repayment.
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