# Royalty Payment Income

	Verification of Income From Royalty Payments
false	Obtain copies of the royalty contract, agreement, or statement confirming amount, frequency, and duration of the income; or borrower’s most recent signed federal income tax return, including the related IRS Form 1040, Schedule E.
false	Confirm that the borrower has received royalty payments for at least 12 months and that the payments will continue for a minimum of three years after the date of the mortgage application.

Verification of Income From Royalty Payments

false

Obtain copies of the

royalty contract, agreement, or statement confirming amount, frequency, and duration of the income; or
borrower’s most recent signed federal income tax return, including the related IRS Form 1040, Schedule E.

false

Confirm that the borrower has received royalty payments for at least 12 months and that the payments will continue for a minimum of three years after the date of the mortgage application.

Refer to the Variable Income section of General Income Information, for additional information.