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How Separation and Divorce Impact Your Loan Application. – Alimony and Child Support. If you receive alimony or child support or both, you are required to submit every page of the separation agreement and/or the divorce decree with your loan application. You must also be current on all child support and alimony payments. If you are behind, be sure to bring it to the attention of your lender.
Loan Application – Coastal Community and Teachers Credit Union – ALIMONY, CHILD SUPPORT OR SEPARATE MAINTENANCE INCOME NEED NOT BE REVEALED IF YOU DO NOT WISH TO HAVE IT CONSIDERED AS A.
What is Considered Income for Child Support in California? – Student loans that are used for books and tuition are not considered income for child support purposes. The principle of life insurance death benefits are not considered income. However any interest that is obtained from it or income received from it can be considered child support.
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Child Suport as Income for Mortgage Approval – The rules for "grossing up" income are the same on FHA and conventional loans. You are able to use 125% of the income for qualifying purposes. Remember that the child support has to have a history.
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Residential Loan Application – Uniform Residential Loan Application.. Describe Other Income Notice: Alimony, child support, or separate maintenance income need not be revealed if the.
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