Annual family income means the combined yearly gross earned income and unearned income of all adult individuals within a family unit.

Annual family income means the total amount received per year from all sources before taxes are withheld.

Annual family income means gross income anticipated to be received by the family during the 12-month period following the purchase of a home using one of the Authority’s home buyer programs, calculated in accordance with the definition found at 24 CFR 5.609 and the Authority’s Program Manual.

Examples of Annual family income in a sentence

Third party income verification services may be used as evidence of Annual Family Income.
Based upon Worksheet One attached to the Affidavit of Applicant, to the best of the Lender’s knowledgeand belief the Applicant’s Anticipated Annual Family Income is $$ 0.004.
To qualify as Eligible Persons and Families, such persons and families must have an aggregate Annual Family Income that does not exceed the applicable amounts specified in the Program Manual and the Seller Guide.
If the balance does not exceed 15% of Annual Family Income based on third party verification data, the patient will not be presumed to have a catastrophic balance.
Any patient seeking income-based financial assistance at any time in the scheduling or billing process may complete the financial assistance application and will be asked to provide information on Annual Family Income for the three-month period immediately preceding the date of eligibility review.

More Definitions of Annual family income

Annual family income means the annualized family income at the time of Mortgage Loan closing as determined in accordance with the Code. “Annual Family Income” means, with respect to a person, the “gross monthly income,” multiplied by twelve, of such person and of any other person who is expected both to live in the Single-Family Residence being financed and to be secondarily liable on Mortgage Loan, all as determined in accordance with the Program Manual. For purposes of this definition, “gross monthly income” includes the sum of monthly gross pay; any additional income from overtime, part- time employment, bonuses, dividends, interest, royalties, pensions, VA compensation, and net rental income; and other income (such as alimony, child support, public assistance, sick pay, social security benefits, unemployment compensation, income received from trusts, and income received from business activities or investments).

Annual family income means, with respect to a person, the “gross monthly income,” multiplied by twelve, of such person and of any other person who is expected both to live in the Single-Family Residence being financed and to be secondarily liable on Mortgage Loan, all as determined in accordance with the Program Manual. For purposes of this definition, “gross monthly income” includes the sum of monthly gross pay; any additional income from overtime, part- time employment, bonuses, dividends, interest, royalties, pensions, VA compensation, and net rental income; and other income (such as alimony, child support, public assistance, sick pay, social security benefits, unemployment compensation, income received from trusts, and income received from business activities or investments).

Annual family income means the aggregate of the annual income from all sources of

Annual family income means gross monthly income multiplied by 12. Gross monthly income is the sum of monthly gross pay; any additional income from overtime, part-time employment, bonuses, social security benefits. unemployment compensation, income from trusts and income received from business investments. Information with respect to gross monthly income may be obtained from available loan

Annual family income means the mortgagor’s annualized gross income. Annualized gross income is gross monthly income multiplied by twelve (12). Gross monthly income is the sum of monthly gross pay; any additional income from overtime, part-time employment, bonuses, dividends, interest royalties, pensions, Veterans Administration (VA) compensation, net rental income, etc.; and other income (such as alimony, child support, public assistance, sick pay, social security benefits, unemployment compensation, income received from trusts, and income received from business activities or investments.) The income to be taken into account in determining the gross monthly income is the income of the mortgagor (or mortgagors) and any other person who is expected to principally and permanently reside in the residence being financed the current annual income, as determined by federal regulations, if any, for eligible persons or families residing or intending permanently to reside in the single family residence.

Annual family income means the combined annual adjusted gross income, as reported for federal tax purposes, of all members of the applicant’s household.