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Q: home loan, sort of CS related

ambrvanambrvan member
in Blended Families
I am filling out a home loan pre approval worksheet, and it asks us to report income, including child support. We have only received one payment in a year (July). Should I leave that blank or list what we are supposed to be receiving? This is for the Rural Development loan program, so it is income contingent.
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Re: Q: home loan, sort of CS related

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    freeatlast2014freeatlast2014 member
    I would leave it out since you don't actually receive it. It's actually not income if you aren't getting it.
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    ambrvanambrvan member
    I looked further into the rules and guidelines, and I think I'm going to leave it out. It says CS must continue for 3 years and have a history of at least 12mo to be considered income. Although the CS order is a year old, we do not have a history of receiving it. So I'm not counting it.
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    PamelacakePamelacake member
    I was going to suggest the same, I am applying for a college loan and that's what I did.. I did ask and they said not to put it on there.
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