How many days of earnings must be verified for income qualifying?

The correct duration for verifying a borrower's income for qualifying purposes is 30 days. This time frame is established to ensure that the income information is current and accurately reflects the borrower's ongoing earning potential. The standard practice of verifying 30 days of income helps lenders assess the stability of the borrower's financial situation, which is crucial in determining eligibility for a mortgage loan.

This approach mitigates risks associated with income fluctuations, allowing lenders to make informed decisions based on the most recent and reliable earnings data. It enables them to evaluate whether the borrower will comfortably meet their mortgage payment obligations considering their current income trajectory.

While choices like 15, 60, or 90 days may seem reasonable at first glance, they do not align with the standard verification practices that most lenders follow for ensuring accurate and up-to-date income qualifications.