Using Alimony And Child Support Income To Qualify For A Mortgage

Mortgage and Lending with George Souto NMLS #65149 FHA, CHFA, VA Mortgages NMLS #65149

We live in a time that single parent households are very common, so it is not unusual for Alimony & Child Support income to be used by a divorced spouse in order to qualify for a mortgage.  So it is very important to be familiar with the guidelines on the use of Alimony and Child Support Income, and the required documentation.

In order to be able to Usinf Alimony & Child Support Income To Qualify For A Mortgage, the Borrower will need to provide the following documentation:

  • Final Divorce Decree, or
  • Legal Separation Agreement, or
  • Court Order, or
  • Voluntary Payment Agreement.  This one is tough to use, because if it is voluntary, then it can stop at any time, unless it is voluntary, but somehow required by the court.
  • Provide proof that payments have been received consistently for the past 12 months, and will continue for a MINIMUM OF 3 YEARS.  Most Child Support is only court ordered until the child turns 18.  That means that once the child turns 15, child support can no longer be use, because there is less than 3 years remaining the day after the child turns 15.  Exceptions can be made in the case of a recent divorce if payments have been received for the first 3 months.  Acceptable proof of payment can be:
    • Canceled checks for 12 months
    • Deposit Slips for 12 months
    • Tax Returns
    • Court Records

NOTE: Child support can be grossed up by 25% if it is considered non-taxable income.

The three year continuation rule usually comes as a surprise to most Borrowers Using Alimony And Child Support Income To Qualify For A Mortgage, so it is important they understand the guidelines upfront and early in the process.




 Info about the author:

George Souto NMLS# 65149 is a Loan Originator who can assist you with all your #FHA, #CHFA, and #Conventional #mortgage needs in Connecticut. George resides in Middlesex County which includes #Middletown, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam, #Moodus, #Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or

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 Info about the author:

George Souto NMLS# 65149 is a Loan Originator who is licensed in #CT, #RI, #MA, #NH, & #FL and can assist you with all your #FHA, #Conventional, #VA, #USDA, and #State Bonded Progam #mortgage needs in #CT, #RI, #MA, #NH, & #FL. George resides in Middlesex County which includes #Middletown, #Old Saybrook, #Middlefield, #Durham, #Cromwell, #Portland, #Higganum, #Haddam, #East Haddam, #Moodus, #Chester, #Deep River, and #Essex. George can be contacted at (860) 573-1308 or


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Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Your post is a great resource (as always) for borrowers George Souto alimony and child support are income sources for many hopeful home buyers.

Jan 05, 2018 06:45 PM #1
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Wow, I never would have dreamed I could have used child support to qualify and no one ever mentioned it when I was qualifying for loans.

Jan 05, 2018 08:52 PM #2
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Wonderful source of information as always  for people looking to buy a home

Jan 05, 2018 08:54 PM #3
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

In Wisconsin, wisely we believe, there is no such thing as "voluntary" is deducted from checks and monitored by the court...voluntary payment would only clog the court system far worse than it is already.

Jan 06, 2018 04:18 AM #4
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning George.  This is valuable information for anyone who finds themselves in this situation.

Jan 06, 2018 05:00 AM #5
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

I'm sure this information will be valuable to those in that situation.  We use to have a joke, that a divorced man couldn't qualify for a mortgage because he was broke from paying alimony and child support.  However, divorced women couldn't qualify either, because they weren't receiving it.  We decided it would be a good idea to try and sell homes to attorneys. 

Jan 06, 2018 01:39 PM #6
Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George, great post and it is perfect for someone in this situation, I had no idea that you had such a product, Endre

Jan 06, 2018 08:11 PM #7
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Great information, George... I've dealt with my own fair share of hiccups in these situations... fortunately, always have a good local lender at hand to help resolve these issues.

Jan 07, 2018 04:38 AM #8
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

George, this is excellent information to know and exactly the reason why home buyers need to talk to a mortgage professional like yourself right at the beginning of their home search. 

Jan 07, 2018 11:44 AM #9
Ginny Gorman
RI Real Estate Services ~ 401-529-7849~ RI Waterfront Real Estate - North Kingstown, RI
Homes for Sale in North Kingstown RI and beyond

Hi George, excellent information to remind all sellers/buyers/real estate agents on what works and what does not with alimony in the mix when buying a home.

Jan 09, 2018 08:02 AM #10
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