Is social security disability and child support income still grossed up 125%?

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disclaimer

Is social security disability and child support income still grossed up 125%?

adonis

Posted on: 30th Jul, 2010 06:16 pm

i am looking to refinance, but i will not qualify unless my income is grossed up (social security disability and child support) since it is not taxable. this used to be common practice in mortgage underwriting. is this still the case? thank you.

Total Reply : 2

Welcome laureladelman,

As far as I know, child support and social security income are considered as a part of your income. The lender will take into account both of them while approving you for a loan.

adonis

Posted on: 30th Jul, 2010 10:24 pm

But is this income grossed up 1.20%? since it is not taxable?

Anonymous

Posted on: 31st Jul, 2010 02:26 am

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