Using Child Tax Credit and Child Support to Qualify for a Mortgage
When getting pre-approved, one of the most common things I see is income being left off — and sometimes, that missing income can make a real difference.
Many people don’t realize that Child Tax Credit and child support you receive can often be used as part of your income when qualifying for a mortgage, depending on the lender and your situation. These income sources can help strengthen your application and increase your options.
Why This Matters
When you’re trying to understand your numbers even a few hundred dollars a month can impact how much you qualify for. This is especially important for single buyers, recently separated parents, or anyone trying to maximize their purchasing power responsibly.
What Lenders Look For
As with any income, lenders need documentation to show that these payments are consistent and ongoing. Each lender has different rules, which is why it’s important to review this early in the process.
The Bottom Line
If you’re getting pre-approved or reviewing your mortgage options, make sure you mention every source of income you have coming in — it can make a bigger difference than you think.
If you’re unsure what income can be used in your situation, reach out. I’m always happy to walk you through your options.