Home Buying in 75093>Question Details

Nanner, Home Buyer in Texas

My husband owes $20K in back child support.

Asked by Nanner, Texas Wed Apr 15, 2009

He has been making timely payments for the past 3 years and he has been sending in extra for the back support. We are trying to qualify for a VA loan will the back child support disqualify us?

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Nanner,
Unfortunately if you owe past child support VA more then likely will not approve the loan. It will report to the credit agencies as a delinquent account with the State of Texas which is considered government debt.
Once you pay off the past child support it should happen for you.

In your answer to rolling in closing costs, the only way to "roll them in" would be for the seller to agree to increase the loan amount to cover your closing costs and give you a seller concession.

If you need help please call me, I do both real estate and mortgage.
210-566-1212 ph

Teresa Hill
1 vote Thank Flag Link Wed Apr 15, 2009
Nanner,

Now that you have your answer, have you selected a real estate consultant to work for you?

I would be happy to help!
Nicole Arenas nicolearenas@ymail.com
0 votes Thank Flag Link Thu Apr 16, 2009
Nanner,

If you need help with the mortgage please give me a call.
I work with VA constantly.
No obligation just truth and good service.
Our contact info is 210-566-1212

Ask for Teresa :)
Hope to hear from you.
0 votes Thank Flag Link Thu Apr 16, 2009
I appreciate everyone's input!! The outstanding child support is in North Carolina and it is not reporting on his credit report.
0 votes Thank Flag Link Thu Apr 16, 2009
Hello Nanner,
I have had a client in a similar situation last year where he owed 26K, he couldn't get a loan, couldn't get a passport and many other things. He discussed it with the ex, came to an agreement. They hired an attorney and appeared in front of a judge and settled for 13K.

May be your husband can do the same thing... depending on his relationship with the ex.

Naima
214-289-8555
Naima@Sumner-Realty.com
0 votes Thank Flag Link Wed Apr 15, 2009
GREAT QUESTION:

I am a Dallas realtor and Dallas loan officer happy to assist you.

It depends if Texas Attorney General office has reported on his credit report if so then credit issues need be resolved with AG's office .

CONTACT OUR OFFICE TODAY
972-699-9111
Lynn A. Crosby ~ National Featured Realtor
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0 votes Thank Flag Link Wed Apr 15, 2009
Nanner,

I am the agent who asked you the question, and I am also in the area of town your looking at, Plano.
If your husband is the Vet, and the VA loan would be in his name, and...he owes back child support it might be difficult right now, unless he pays off the $20k in back child support, and then I would see if you could roll in closing costs and come to the closing table with very little down, VA or conventional. Please email me directly, I would love to see if I can get you into touch with a loan officer in the Plano area who can answer your questions, and I would also love to see what I can do as a Realtor to help you now or in the future!
Nicole Arenas
0 votes Thank Flag Link Wed Apr 15, 2009
My husband is the vet. How would that work with rolling in the closing cost??
0 votes Thank Flag Link Wed Apr 15, 2009
Who is the Vet? Whose name will the loan be in? Are you able to pay it off and roll in closing costs?
0 votes Thank Flag Link Wed Apr 15, 2009
Probably so,unfortunately. I had someone get turned down last week for an FHA for the same reason & VA has much more stringent credit requirements. However,you might want to sit down with a trusted local mortgage broker to discuss your options.
0 votes Thank Flag Link Wed Apr 15, 2009
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