1700.6.2.1 Rent and Mortgage

Official source

Allow costs of current rent or mortgages including: All mortgage loan repayments, including second mortgages, home equity loans and home equity lines of credit, if the home property is used as collateral for the loan; Payments to buy a mobile home, RV or travel trailer when used as a primary dwelling; Must include a kitchen and bathroom to be allowed. Lot rent; Interest fees on mortgage/mobile home payments; Property taxes ; Home insurance; Condominium and association fees; Unreimbursed repair or replacements costs that was substantially damaged by a natural disaster, such as flood or fire; and/or Hotel cost when used as a primary dwelling.

Do not allow the following costs: A “mechanic’s lien” or similar lien Mortgage life insurance premiums; Late payment fees; Extra charges, such as garage space, pet charges, etc.; Repair or replacement costs unless they result from a natural disaster; Down payments; Charges added to the rent to recoup for past unpaid rent amounts; Portion of expense covered by an excluded reimbursement or vendor payment; Payment for a vehicle without a kitchen and bathroom, even if used as the primary dwelling; or Auto insurance for a vehicle used as a primary dwelling.

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1700.6.2.1 Rent and Mortgage

Official source

Allow costs of current rent or mortgages including: All mortgage loan repayments, including second mortgages, home equity loans and home equity lines of credit, if the home property is used as collateral for the loan; Payments to buy a mobile home, RV or travel trailer when used as a primary dwelling; Must include a kitchen and bathroom to be allowed. Lot rent; Interest fees on mortgage/mobile home payments; Property taxes ; Home insurance; Condominium and association fees; Unreimbursed repair or replacements costs that was substantially damaged by a natural disaster, such as flood or fire; and/or Hotel cost when used as a primary dwelling.

Do not allow the following costs: A “mechanic’s lien” or similar lien Mortgage life insurance premiums; Late payment fees; Extra charges, such as garage space, pet charges, etc.; Repair or replacement costs unless they result from a natural disaster; Down payments; Charges added to the rent to recoup for past unpaid rent amounts; Portion of expense covered by an excluded reimbursement or vendor payment; Payment for a vehicle without a kitchen and bathroom, even if used as the primary dwelling; or Auto insurance for a vehicle used as a primary dwelling.