What is the maximum age a child can be for their support to be considered qualifying income?

The correct answer is 13 because, according to the guidelines for qualifying income related to child support, a child must be under the age of 14 at the time the application for the loan is made to have their support considered as qualifying income. This means that a child must be 13 years old or younger for the support payments to count towards the borrower’s income.

This age limit helps ensure that the financial support is closely linked to the expenses and needs associated with raising children who are still dependents. Payments made towards children above this age may not be seen as sufficiently reliable or necessary to meet the financial responsibilities typically expected from a borrower.