Seasonal or Secondary Employment

The income sources discussed in this topic must be documented by obtaining the following:

• a completed Request for Verification of Employment Form 1005 or 1005S or

• the borrower’s recent paystub and IRS W-2 forms covering the most recent one-year period.

As these income types may be hourly or seasonal, refer to General Income Information, for additional information on documenting variable income. Also see Standards for Employment Documentation, for additional information about verifying employment income.