Determining Income for HomeReady®-Alimony-Child Support

Question: If my client received Alimony but does not need that income to qualify, do I need to count it?  Counting it would exceed the HomeReady income limits. Answer: Income from alimony, child support or separate maintenance does not need to be disclosed on any mortgage loan for Fannie or Freddie if they (the borrower(s)) […]

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