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Old 11-09-2012, 06:47 AM
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Based on my salary alone, I can't get a mortgage high enough to cover the purchase of a home we are interested in, even though I have a good credit score. However, if I were to add the benefit my kids (12&13) receive from Social Security my income would be high enough to qualify. Is there a way to do this? There SS is not my income, but it does go to their support. My kids receive SS under my husbands SSI, he is retired, his credit is not so good so he can't be on the deed.
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Old 11-09-2012, 08:33 PM
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Yes, not only can you use your kids' SS income, you get to "gross it up" to it's taxable equivalent. This is typically anywhere between 120% to 125% of the amount they receive.

The test is, it must continue for 3 more years, which it will if they are only 12 & 13.
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Old 11-14-2012, 05:48 AM
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Thanks - The lender said they won't do it since it is not in my name, but my husbands name, and my name doesn't appear anywhere on the documentation. Please let me know asap what we can do. Thanks!
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