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https://www.hsh.com/finance/mortgage/how-does-child-support-affect-mortgage-qualification.html
Jul 24, 2014 · Child support affects mortgage qualification by counting as debt for one who is paying it, and as income for those who receive it.
https://sincemydivorce.com/does-child-support-count-when-applying-for-mortgage/
Mar 01, 2011 · If child support or alimony is your sole source of income it may be nearly impossible to qualify for a loan, but lets take a look at the facts… As with all other documentation for mortgage applications, child support verification is no different; you have to be able to prove it exists and is received on a regular basis .
https://www.fha.com/fha_article?id=141
The borrower must receive alimony or child support for a full year before applying for the loan. The payer must be obligated to continue paying for three years after the loan has closed. There must be evidence of complete, on-time payments for a full year before applying for the home loan.
https://sonomacountymortgages.com/2018/10/child-support-alimony-mortgage/
Oct 16, 2018 · Let’s say you have child support due. That is counted as a monthly debt against income from the mortgage payment. Child support works in the opposite fashion. Simply put, a child support when qualifying for a mortgage loan is equivalent to a car payment or a credit card payment.
https://www.veteransunited.com/valoans/child-support-payments-can-help-or-hurt-your-va-home-loan-chances/
Lenders can count child support payments as effective income toward a mortgage, and that can help get veterans into the price range they want. But spouses who are paying that monthly support will have that money counted as an outgoing liability by mortgage lenders.
https://www.blownmortgage.com/alternate-income-using-child-support-qualify-mortgage/
Mar 22, 2015 · Since child support is non-taxable income, it is grossed up for mortgage qualification purposes. This means that the lender will take 125 percent of the amount that you receive as the number used for qualification purposes.
https://www.whichmortgage.ca/mortgage-guide/what-counts-as-income-for-your-mortgage/223254
If you are paying child support and/or alimony, however, this amount will generally be deducted from your income and not count toward your income to qualify for a mortgage. In both instances, the lender may require the legal separation agreement in addition to proof of payments.
https://gustancho.com/fha-loans-with-child-support-payments
Oct 11, 2018 · Child support payments can be a large percentage of borrower’s monthly gross income. Most mortgage lenders have overlays on debt to income ratio. The maximum allowed by HUD 4001. FHA Handbook on debt to income ratio is 46.9% front end DTI and 56.9% back end DTI when qualifying for a mortgage loan.
https://homeguides.sfgate.com/use-alimony-qualify-mortgage-2252.html
Lenders have the ability to count alimony payments as income, which improves your ability to get a mortgage. The guidelines on how alimony may be used to qualify for a mortgage vary by lender and ...
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