Does child support affect qualification for a mortgage?
If you pay child support and alimony to an ex-spouse, the amount paid is generally deducted from your total income before determining the size of mortgage you will qualify for. When child support and alimony is received by you, the amount received may be added to your total income before determining the size of mortgage you qualify for, provided proof of regular receipt is available for a period of time determined by the lender.
- FAQ's: