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https://www.foxbusiness.com/features/applying-for-a-mortgage-what-lenders-can-and-cant-ask
Although a loan officer can’t ask how much you receive in child support and alimony, they can ask whether you’d like to disclose this amount because you’d like to use this income to qualify ...Author: Andrea Murad
https://www.hsh.com/finance/mortgage/how-does-child-support-affect-mortgage-qualification.html
Jul 24, 2014 · If you pay child support… A: The new Ability to Repay (ATR) rules which took effect on January 10, 2014 most definitely states that any child support obligations are indeed treated as debts. This is true of all required contractual obligations and includes alimony as well, and if there is a court decree for a mandated amount, this amount would be included in the calculation.Author: Keith Gumbinger
https://www.avvo.com/legal-answers/am-i-legally-required-to-disclose-child-support-pa-2139411.html
Apr 13, 2015 · Answer the questions on the form. If it asks specifically about child support, yes, you have to disclose it. If it asks for something like "other monthly obligations", I would still advise you to answer it. Child support, to my knowledge, does not show up on a credit report, unless it is in arrears ...
https://www.blownmortgage.com/alternate-income-using-child-support-qualify-mortgage/
Mar 22, 2015 · While you are not required to disclose your child support if you receive it – if you want to use it for qualifying purposes, you will need to know what is required in order for it to be used. Get your free home loan quote today. Verifying Child Support . One problem with using child support as a source of income is verifying it.
https://mortgage.info/qualifying-mortgage-child-support-arrears/
Mar 08, 2017 · However, if you have a voluntary agreement and your child support is not behind, a lender does not have to include it in the calculation. In fact, you don’t have to disclose the fact that you pay it as long as you are not behind. Any derogatory payments that trigger a collection or judgment instantly become the lender’s business, though.
https://www.consumerfinance.gov/ask-cfpb/can-a-lender-or-dealer-ask-me-about-the-alimony-child-support-or-separate-maintenance-payments-that-i-receive-when-i-apply-for-an-auto-loan-en-1195/
A lender or dealer may ask whether income stated in your application comes from alimony, child support, or separate maintenance payments. However, the lender or dealer must first tell you that you do not have to reveal such income if you do not want it considered.. If you do want to have the dealer or lender consider your alimony, child support, or maintenance payments, the lender or dealer ...
https://answers.yahoo.com/question/index?qid=20090320181501AAScNVG
Mar 20, 2009 · On the application you fill out to get the mortgage, which you will have to sign again at closing, there is the following question in Section VIII, Declarations, Question g: "Are you required to pay Alimony, Child Support, or Separate Maintenance?" In your case, you need to check the "Yes" box.
https://www.fha.com/fha_article?id=141
When you apply for an FHA home loan, you're required to certify your income, offer proof of employment and show that you're a good credit risk with a history of on-time bill payments for at least 12 months. Many people have no trouble with this set of requirements, but some are not sure what to write down when it comes to reporting child support payments, alimony and other income as a result ...
https://www.mybanktracker.com/news/lying-on-home-loan-application
Outsmarting lenders is not as easy as lying on your home loan application. ... Omit alimony or child support payments; ... When you submit a mortgage loan application, you certify that nothing ...
https://themortgagereports.com/18883/mortgage-rates-lender-application-questions-gina-pogol
May 31, 2016 · Your mortgage lender is going to ask a lot of questions as part of its home loan application. Some of the questions might seem nosy -- and downright rude.Author: Gina Pogol
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