Does child support or alimony count for conventional?
Support you receive may count if you choose to use it and meet the program rules. Support you must pay is reviewed separately as an obligation.
What this actually means.
Fannie Mae generally requires documented payment terms, six months of full and timely receipts, and expected continuation for at least three years from application. Payments you owe follow debt rules. Certain alimony obligations may reduce qualifying income instead of being added to monthly debts; that option is not a blanket rule for child support, and the two calculations do not produce the same debt ratio.
A simple example
Illustration only. This is not an approval or a loan offer.
Where this can move.
Whether you choose to use received support, legal payment terms, receipt history, remaining duration, obligations you pay and loan program.
Check the sources
Sources checked . Program guidance and lender requirements can change.
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More conventional questions on Income.
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with Fannie Mae, Freddie Mac, FHFA, or any government agency.