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https://www.fanniemae.com/content/guide/selling/b3/3.1/09.html
The documentation must support the history of receipt, if applicable, and the amount, frequency, and duration of the income. In addition, evidence of current receipt of the income must be obtained in compliance with the Allowable Age of Credit Documents policy,...
https://www.hud.gov/sites/documents/4155-1_4_SECE.PDF
1. Alimony, Child Support, and Maintenance Income Introduction This topic contains information on alimony, child support, and maintenance income requirements, including alimony, child support, and maintenance income criteria, and TOTAL Scorecard Accept/Refer requirements for alimony, child support and maintenance income. Change Date March 1, 2011
https://www.fanniemae.com/content/guide/selling/b3/3.1/01.html
Dec 04, 2019 · Using Nontaxable Income to Adjust the Borrower’s Gross Income The lender should give special consideration to regular sources of income that may be nontaxable, such as child support payments, Social Security benefits, workers’ compensation benefits, certain types of public assistance payments, and food stamps.
https://mymodernlaw.com/blog/gross-income-child-support/
For the purposes of Child Support, Gross Income means income earned before taxes and deductions. However, this does not mean that the Court does not consider the impact of taxes. In fact, the Guidelines use a formula to convert gross income into net income based on the parent’s estimated tax bracket.
http://www.mortgagenewsdaily.com/qna/child-suport-as-income-for-mortgage-approval
Jun 22, 2008 · The rules for "grossing up" income are the same on FHA and conventional loans. You are able to use 125% of the income for qualifying purposes. Remember that the child support has to have a history of consistent payment and must continue …
https://budgeting.thenest.com/fha-definition-gross-income-untaxed-income-28162.html
This method of calculating income is known as FHA gross up income. For FHA gross up income, the lender adds back a percentage based on the tax rate you used to calculate your previous year's income tax. The lender uses the higher, grossed-up amount of your untaxed income …
https://www.siskinds.com/dividend-income-should-it-be-grossed-up-when-calculating-child-support/
Dec 17, 2014 · In this case I used a DIVORCEmate calculation to determine the gross up pursuant to section 19(1)(h) which amounted to $9250.00 which would then be added to his actual dividend of $50,000 but he also had a small amount of self- employment income rounded to $425.00 so the annual income for child support was $59,945.00.
https://teammovemortgage.com/2015/07/01/non-taxable-income/
All mortgage loans allow for grossing up certain types of non taxable income. It can be grossed up is because mortgage loans go by a borrower’s gross income. The amount that non taxable income can be grossed up depends on the loan type and sometimes the borrower’s tax rate.
https://uber-writer.com/grossing-income/
What to gross up? What kind of income is tax free? The most common forms are child support and social security income. AllRegs also cites that any income that meets the general requirements (for most 2 years history and 3 years continuance) that can be documented as tax free can also be grossed up. For this blogger….
https://www.veteransunited.com/education/library/grossing-up/
Lenders can gross up your income when calculating your debt-to-income ratio. This key metric looks at the relationship between your gross monthly income and your major monthly debts. This key metric looks at the relationship between your gross monthly income and your major monthly debts.
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