Alimony and child support updates made to the Conventional guidelines.
Alimony and child support
Effective immediately, documentation of at least three months receipt of alimony or child support may be eligible with the below requirements.
- Primary Residence only
- DTI 40%
- Minimum reserves of six months
- For DU scored loans Special Feature Code 764 is required
- For LPA scored loans Investor Feature Identifier J50 is required
- Note: AUS messaging for number of months receipt required for alimony or child support may be disregarded
If the above requirements are not met, documentation of at least six months receipt of alimony or child support is required.
Please reference the product profiles for full details.