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Income & Assets




I'm often asked what a coop or an HDFC coop will consider or count as income and assets.
While assets are important most coops are only interested in liquid assets. 

Below is a list of types of income and assets. This is a typical example of income and assets.
Some forms of income such as child support may or may not count as income in certain coops.


 

TYPES OF INCOME AND ASSETS
TYPES OF INCOME

Salary
Self-employment earnings
Unemployment, Disability,
Worker’s Compensation
Social Security
Pension
SSI Interest
Welfare Assistance
Armed Forces Reserves
Alimony
Child Support
Dividends
Interest Income
Income from Rental Property
Scholarships and/or grants

TYPES OF ASSETS
Savings Account
Checking Account
Cash Value of Revocable Trusts
Equity in real property or
other capital investments
Stocks, Bonds, Treasury Bills, Certificates of
Deposit, Money Market Funds
Retirement Plans
Surrender value of life insurance policies
Inheritances, lottery winnings, capital gains,
Insurance settlements


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