re: Mortgage application/Child Support

quote:

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They won't let me claim my GI bill but i have to claim my c/s, which is screwing me.

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Correct me if I'm wrong but the GI Bill is for education, correct? That isn't income. It's the government offsetting your education debt. It also isn't guaranteed to continue after a specific fixed period of time.

How long is your child support debt scheduled to continue? The length left on the debt determines whether it is counted against your DTI or not. I'm presuming you have a long ways to go on the child support.

What type of loan have you applied for? I'd be going FHA or VA if I were you. Traditionally they have allowed for higher DTI ratios than conventional loans.

I wish you the best of luck but the reality is that you may have to put the house purchase on hold until your income rises, your debts are reduced or you may have to look at lower priced properties.

Lastly, thanks for your service.