Alimony Post Divorce for Home Loan

Using alimony income/spousal maintenance income to qualify for an Arizona mortgage is perfectly normal and acceptable.  Can it be used as soon as one starts to receive it?  There are a few simple rules that typically apply (we will come back to "typically" in a moment) when including alimony income on a mortgage application: Alimony Income Mortgage Rules 1. Income terms (amount and frequency) must be clearly documented on a final/official divorce decree 2. Income must be set to be received at … [Read more...]