Enough income to afford payments. The general rule of thumb. His credit score was just over 600, he was paying alimony and child support and he only had enough money for a small down payment. And.

These borrowers, who typically have lower credit scores and make minimal down payments – as little as 3.5 percent for FHA, zero for VA – now carry. other recurring expenses such as alimony and.

Alimony/Child Support/Separate Maintenance Payments When the borrower is required to pay alimony, child support, or maintenance payments under a divorce decree, separation agreement, or any other written legal agreement-and those payments must continue to be made for more than ten months-the payments must be considered as part of the borrower’s recurring monthly debt obligations.

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 · 2 Answers. Other reasons for child support causing loan denial is that judgments in court are major derogatory events that can bring your FICO score down. If a lender considers back child support the way it does other collection accounts, it will likely require payment in full or at least 12 months of on-time payments.

Alimony and Child Support: FHA Loan Rules FHA loan rules permit alimony and child support to be counted as verifiable income for borrowers who receive it. Like all other sources of income, the rules in hud 4000.1 state the lender is responsible for verifying the income through documentation such as court agreements, etc.

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Sometimes, the child support is the make or break item that is the difference in qualifying the applicant for a home loan. However, due to the inconsistent nature inherent in some child support relationships, there are a number of rules that apply to getting the child support payments to qualify as income for a mortgage applicant. Below are 4.

When lenders evaluate your mortgage loan application, one of the most important numbers they will look at is your Debt-to-Income (dti. credit card debts, child support, and student loan payments..

The back-end ratio, or the debt-to-income ratio, is the percentage of your gross monthly income that will goes toward paying all debt obligations — not just mortgage payments but credit cards, child.