How will a Garnishment affect getting a Mortgage

[tjsegraves]

I am looking at purchasing my first home in the spring of 2019. I got my credit scores up to qualify for a FHA loan. Just recently I had a garnishment hit my paychecks from the city I live in (long story). The garnishment will be on my paychecks for at least the next few months. My question is will this keep me from being approved for a mortgage? Or will it simply lower the amount that I am approved for?

[MarvBear]

Welcome to CreditBoards.  Just be a bit patient and someone will be along to help.

[liverichly]

It'll just impact the amount you can qualify for, not disqualify you completely.  At most you'll have to explain what the garnishment was for and provide the garnishment terms (your employer likely has a copy they may be able to provide to you).

[centex]

Is the garnishment something that is appearing on the credit reports?  If not, then it may be a non-issue since you have indicated it only impacts you for a few more months and your intended purchase was not until the Spring...

[liverichly]

^ true that.

[tjsegraves]

21 hours ago, centex said:

Is the garnishment something that is appearing on the credit reports?  If not, then it may be a non-issue since you have indicated it only impacts you for a few more months and your intended purchase was not until the Spring...

It will probably still be in effect when I'm ready to purchase. It is not appearing on any of my credit reports. 

[MarvBear]

Not all garnishments get reported to credit bureaus.  But when you have to prove your income, an analyst will always find out, because there will be a deduction on your paycheck stub.

It in the past has been a common stipulation when I had to prove income for a customer's auto loan that I present a proof of income free from garnishment or levy.