Using Support Payments to Qualify for a Home Loan

Prior to the mortgage meltdown in 2008, using support payments to qualify for a home loan was fairly straight forward.  It was generally accepted by nearly all lenders that you simply needed to prove you were receiving support for three months.  Lenders even allowed you to count the months you received temporary support before your divorce was final.

Those days are gone and it’s become much more complex qualifying for a home loan using the support payments you receive.

If you need to use alimony or child support payments to qualify for a home loan, I’ve provided some of the most common questions to help you in crafting a workable solution.