Posted on: 21st Sep, 2010 02:45 pm
I am a single mother with 3 kids and I receive $1200.00 a month for child support. Can I count this as other income for a mortgage? and If so do they have to check his credit?
Yes. Usually lenders will require that you show proof you are receiving that money through deposits, cancelled checks, money gram receipts etc. for a minimum of 12 months and that you'll be receiving it for atleast 3 more years.