Question by Spirited Virgo:Structured settlement can be used for income to buy a house? How do you count?

by cmh2315fl

Question by Spirited Virgo:Structured settlement can be used for income to buy a house? How do you count? Best answer : Reply

dzwreck
Some lenders may consider the use of a structured settlement as a source of income when you are looking to buy a house. The most important factor is how long the structured settlement finally, how will the payments be structured solution and what is the structured settlement from. This income would probably be considered as “other” income on the basis of the terms. That would be best to work with a mortgage broker to try to find funding for this type of income documentation.