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FHA Question

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Mslewis1999
Established Member

FHA Question

My husband has back child support that is being reported monthly on his Experian credit report.  It is being taken out every pay period, but since it is back pay and still being reported monthly, would this make it impossible to go FHA? If you go FHA, do they look at all your credit scores or the middle one?
 
Thanks
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ShanetheMortgageMan
Super Contributor

Re: FHA Question

Child support that is in arrears must be brought current. If a payment schedule has been established with the Court for the past due amount and a history of satisfactory payments is provided, the applicant will not be required to pay the past due amount in full. Both the payment for the past due child support and the regular court ordered support payment will be included in the applicant’s income to total debt ratio.

FHA takes the middle of 3 scores, but looks at the data from all the credit bureaus.

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