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Yes! my husband owed over 20K in arrears to the State he however has good credit (hard to believe but true) and has a good employement history. He qualified for a FHA loan and we closed on our first home last year. Throughout the loan process you will be discouraged and sometime denied because of the arrear on your credit but it all depends on who your broker is. I would not go straight to a big bank and apply for a loan but if you are current on your cs payments and owe arrears but have good credit and a decent debt to income ratio if it worked for us then it will work for you...We live in California.
Another PerspectiveA custodial parent who is owed arrears should follow through with Child Support Enforcement and obtain a Child Support Lien that can be recorded in the land records. Once the lien has been recorded a lender will require the arrears be paid off by the obligor and the lien released before it will loan mortgage funds. The laws may vary from state to state.
Wiki User
∙ 11y ago
Wiki User
∙ 14y agoIt's not prohibited; however, the unpaid child support has probably lowered your credit rating. If you already own the property in question, it's possible that the State has placed a lien on that property for the amount of unpaid support.
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Do you get your child support back at the end of the year?
Uh, no. It wasn't a loan.
Can a student loan be intercepted due to owing back child support?
no
Would a judgment for back child support stop someone from getting a loan without a cosigner?
yes
How do you add your child as joint tenant to your home loan?
How do you add your child as joint tenant to your home loan
Can child support garnish your student loan in Pennsylvania?
No. Child support is based upon the non custodial parent's income. A student loan is considered a debt.
Can Illinois take your 401k loan for back child support?
Yes, once it becomes part of a bank account or similar asset.
Can you get an auto loan if owing back child support?
It depends on the amount and it's affect on your credit rating. Why are you behind? see links
Can deliquent child support keep someone from getting a home loan?
It did me I have a credit score of 750 and I earn $47,000.00 per year and they said no to me on a home loan of $40,000.00 AND i told then i was putting 20% down but because of my arrearage they said no way
When your car is ropossessed will the loan balance be transfered to the IRS?
Usually the only time a balance is taken by the IRS is when it is a federal type debt (ex. student loan, child support, back taxes, etc)
Do you have to pay back the loan for repairs on a home?
What you do with a loan is irrelevant. You always have to pay it back.
What happen if a parent dies and they gave the house to there child and took a loan on there home for repairs what happen to the balance of the loan?
the child continue to pay the loan of her his parents
Can child support put a lien on your house if your husband is on the title but not the loan?
yes
