Single Parent Buying A Home -

Lenders focus on your ability to manage a mortgage on a single income. Key metrics include:

: Beyond salary, you can include alimony, child support, and tax credits to boost your qualifying income. single parent buying a home

: Total monthly debts divided by gross monthly income. While many lenders prefer a DTI below 36%, Federal Housing Administration (FHA) loans may allow up to 50%. Lenders focus on your ability to manage a

: Higher scores (740+) secure better rates. However, programs like FHA accept scores as low as 500 with a 10% down payment or 580 with 3.5% down. you can include alimony