Published on March 07, 2019
Written by The Servion Group
It's time for our second Ask the Underwriter post! This is where we do our best to answer questions we've recently received from loan officers at credit unions and community banks around the country. We hope you'll give it a read - maybe you'll run across an answer you've been looking for yourself!
If you would like to submit a question of your own, just send an email to email@example.com with the subject line "Question for Ask the Underwriter."
A: Voluntary child support payments may or may not be counted as income, depending on the type of loan under consideration:
A: On a conventional loan, tax transcripts are required whenever tax returns are needed to calculate income. On a government loan or jumbo loan, tax transcripts are required on all files.
That's it for this round of Ask the Underwriter! If you have a question of your own, send it to firstname.lastname@example.org with the subject line "Question for Ask the Underwriter."