Income Requirements for FHA loan

[Milad Sadeghian]

Hello everybody,

I have a simple question that matters a lot to me. When you apply for an FHA loan, what do the lenders look at? Your Gross monthly income (your total income before tax and expenses), or your gross adjusted income (total income before tax but after expenses), or just net income (total income after tax and expenses)?

And is it possible to get an FHA on a foreclosure?

Thank you,