Common challenges
Child support that arrives informally (cash, Venmo, irregular amounts) cannot be counted. Only documented, consistent payments with a court order or written agreement qualify.
Programs that fit
FHA Loans
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
Conventional Loans
A conventional loan is a mortgage not insured by the government that follows Fannie Mae or Freddie Mac guidelines.
First-Time Homebuyer Loans
First-time homebuyer loans are mortgage options with low down payments, typically 3% conventional, 3.5% FHA or $0 VA, often paired with state or local down payment assistance.
USDA Loans
A USDA loan is a mortgage guaranteed by the U.S.
Tips before you apply
- Six months of bank statements showing the deposits plus the court order or agreement is the standard package.
- Support must be scheduled to continue at least 3 years past the mortgage closing date.
- One income stretches further with down payment assistance: ask what your state and city offer.
FAQ
What is the best mortgage for single parents?
It depends on your documentation and goal. The programs that most often fit are FHA Loans, Conventional Loans, First-Time Homebuyer Loans, USDA Loans.