Can any one tell if maintenance payments are taken into account when applying for a mortgage?

Do you mean spousal maintenance payments? If you want to claim it as income, then it can be used to qualify for the loan, but you are not required to claim it as income. If you are paying it as a debt, then it will be included as a debt if it is on your credit report or if it shows up in public records (and the mortgage company finds it).|||If you are buying a single-family residence, there is no consideration of maintenence costs. If you are buying a condo, on the other hand, maintenence is performed by the Homeowners' Association, for which you pay HOA fees, usually monthly. Those fees ARE considered in determining whether you qualify for the loan. You didn't ask, but also considered, in addition to the monthly payment on the mortgage, are property taxes, insurance, and any recurring bills (like credit cards, car loans, etc.) that will take more than 6 months to pay off. For credit card bills, the lender considers the minimum monthly payment when determining whether you qualify for the loan.





I hope this helps. The best way to determine whether you will qualify for a mortgage is to talk with a mortgage broker (or, just the laon officer at your local bank.) Tell them the truth and they will tell you whether you will qualify or not. If the answer is no, a good broker or bank will tell you what you need to do to qualify.|||my exprience has proved to be no,there were no maintenance payments iincluded with my first time buyer mortgage.