USDA Loan Income Guidelines: How Alimony and Child Support Can Boost Your Buying Power скачать в хорошем качестве

USDA Loan Income Guidelines: How Alimony and Child Support Can Boost Your Buying Power

https://usdaloanpro.com/usda-loan-inc... USDA Loan Income Guidelines: How Alimony and Child Support Can Boost Your Buying Power for USDA Loans in Florida, Texas, Tennessee, and Alabama! How More Buyers Qualify with the Right Use of Support Income! If a homebuyer receives alimony or child support, that income can expand their qualifying power for a USDA loan, resulting in a higher purchase price, more home options, and stronger offers. But to unlock that potential, certain guidelines must be followed in order to maximize this type of income. In today's short video, I will break down how these income sources help boost buying power—and what documentation is required to avoid surprises at approval. In today’s video I am going to share with you the details on how alimony or child support can either increase or reduce the amount you can qualify for with a USDA loan. Now, before we get started, don’t forget to take advantage and download our FREE USDA Blueprint to Success. This free guide is designed to walk you through the process step-by-step and is a great tool for both homebuyers and Realtors alike. USDA Income Guidelines: USDA Alimony and Child Support Income Requirements As a starting point, remember that alimony and child support can affect USDA qualifying in either a positive or negative way since it can either be a considered a liability or a positive source of income that may be used towards USDA loan qualifying. USDA Approved Lenders must evaluate: Repayment Income: used to determine whether borrowers can afford monthly mortgage payments Annual Income: used to check if household income stays below USDA’s county limit Support income factors into both calculations—which means: It can increase their loan amount or price range, but It can also push total household income over USDA limits depending on deductions and other household earnings ⚠️ When Support Income Isn’t Used: Disclosure Still Required USDA Loan Requirements for Child Support, Alimony, and Garnishments: When alimony or child support is owed by a loan applicant, USDA guidelines state that court ordered debts such as child support, alimony, and garnishments must be included in the total debt ratios. It is important to remember, whether child support is deducted from your paycheck or paid directly to an individual, the monthly amount must be included as a debt which will be documented by items such as a child support court order or divorce decree. Child Support Income for qualifying However, when received as income, court ordered child support may be used towards USDA loan qualifying when the applicant has: At least a 6-month history of receiving the income; The child support receipt has been consistent; and It will continue for at least 3 years past the date of loan closing. Additionally, voluntary child support may also be used for qualifying, but will be subject to additional requirements. Key points to remember when attempting to use child support income to qualify for a USDA loan: When the minimum history has been met, but the payment amounts are not consistent, the child support must be averaged over the time it has been received; 💡 Realtor Tip: How You Can Help Buyers Maximize Qualification Encourage your clients to start gathering support documentation early, especially before offers are submitted Work with USDA Approved Lenders such as Metroplex Mortgage Services, Inc. who understand how to both include support income for repayment purposes and manage it to stay under income caps efficiently 🏆 Why Homebuyers and Agents Trust Metroplex Mortgage Services Metroplex Mortgage Services, Inc. isn’t just another lender—we’re proud to be: 🏆 The #1 USDA lender in Florida for 2017, 2023, 2024, and 2025! 🌟 Nationally recognized in 2025 for USDA loan expertise ✅ In-house USDA underwriters who provide fast, accurate income approvals 📊 Experts in calculating USDA qualifying income—we know how to structure complex income like alimony and child support ⏱️ Closing USDA loans in under 30 days, among the fastest timelines in the industry Whether you’re a buyer looking to boost your price range—or a Realtor guiding clients through USDA-eligible areas—we’re here to help you qualify with confidence. 📞 Let Us Show You the Metroplex Difference Toll Free: 800-806-9836 x280 Call/Text: 863-593-2001 Email: [email protected] http://www.USDALoanPro.com Download our FREE USDA Blueprint for Success! http://www.usdaloanpro.com/blue-print... GET MORE INSIGHTS More ProTips from USDA Loan Pro: Subscribe on YouTube:  http://www.youtube.com/subscription_c... Website:  http://www.usdaloanpro.com Facebook:    / metroplexmortgage   Twitter:    / usdaloanpro