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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://www.fanniemae.com/content/guide/selling/b3/3.1/09.html
Document that alimony or child support will continue to be paid for at least three years after the date of the mortgage application, as verified by one of the following: ... the rental payments can be considered as acceptable stable income in an amount up to 30% of the total gross income that is used to qualify the borrower for the mortgage ...
https://sf.freddiemac.com/content/_assets/resources/pdf/update/docmatrix.pdf
December 2019 Freddie Mac Learning ... Stable monthly income is the borrower’s verified gross monthly income from all acceptable and verifiable sources that can reasonably be expected to continue for at least the next three years. ... must support the Seller’s income analysis and …
http://mikishiran.com/fannie-mae-grossing-up-child-support
Find your answer for Fannie Mae Grossing Up Child Support . See the result for Fannie Mae Grossing Up Child Support Divdend & Interest Income For Mortgage Qualification, Gasparino outlines Trump's plans for Fannie Mae, Freddie Mac, What should be done with Fannie Mae and Freddie Mac?, Debt To Income Ratio For Conventional Loan Mortgage, First Time Home Buyer Programs in …80%
https://www.jvmlending.com/non-taxable-income-can-be-grossed-up-by-25-to-qualify-child-support-and-social-security/
Apr 16, 2014 · This is a reminder that lenders allow borrowers receiving non-taxable income to “gross it up” by 25% for qualifying purposes in most cases. Non-taxable income most commonly includes Social Security income and/or Child Support income.
https://www.blownmortgage.com/alternate-income-using-child-support-qualify-mortgage/
Mar 22, 2015 · Verifying Child Support . One problem with using child support as a source of income is verifying it. Many couples have a verbal agreement amongst each other regarding child support. Unfortunately, this is not enough to be able to be used for qualification purposes for your mortgage.
http://www.mortgagenewsdaily.com/qna/child-suport-as-income-for-mortgage-approval
Jun 22, 2008 · Child Suport as Income for Mortgage Approval How much can I gross up child support on a FHA loan? Conventional loan? questions-from-web uncategorized. Anonymous on Sun ...
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…
https://www.hud.gov/sites/documents/4155-1_4_SECE.PDF
Child support may be “grossed-up” under the same provisions as non-taxable income sources. Reference: For more information on grossing-up, see HUD 4155.1 4.E.5.a. Continued on next page. HUD 4155.1 Chapter 4, Section E 4-E-3 1. Alimony, Child Support, and Maintenance Income, Continued
https://teammovemortgage.com/2015/07/01/non-taxable-income/
Child support; Often using the grossing up technique may be the difference between a denial and loan approval. Actually we receive questions across the country on this topic. Many are looking for a way to overturn a debt ratio denial by talking to a lender that understands these income sources.
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