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is there a limit on the amount of savings to have in account or in investments (outside of real estate)?
or mainly based on income?
This chart should cover limits for rentals. It is AMI based.
Balances in specifically designated retirement funds and college savings accounts are not subject to the asset limit, but are counted when calculating income from assets.
for e.g. if you have 100,000 dollars in investments or cash or any non excluded account theyll add imputed income of .06% on it which adds 600$ to your total income
Will I receive confirmation from someone once I send in my additional documents they asked for?
I did, just a day later. Keep checking your inbox, they may continue to ask for more. I'm still in the process of clarifying things, but everything seems to be on track. Fingers crossed.
I did, just a day later. Keep checking your inbox, they may continue to ask for more. I'm still in the process of clarifying things, but everything seems to be on track. Fingers crossed.
Okay thank you. Sent documents yesterday evening but still waiting for a confirmation. Will be ok the lookout. Hoping you get through your clarifications with your documents fast! Good luck!
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