[skyguy79]

Originally Posted by lincap

If one of your questions is will the bond payment be used in calculating how much of a mortgage you will qualify for the answer is yes. Just like your property taxes and insurance is used for the calculation so is the bond if you are not paying it off. Lots of info and suggestions on paying the bond off or not are on this web site.

Since what you've stated above is contrary to what I had stated prior to your post, I went and double checked my paperwork and found that I was correct in saying that the bond was not included in calculating how much of a mortgage I qualified for.

My mortgage is with Citizens First and I received my Pre-approval Certificate and Estimated Cash to Close Worksheet (had no mention of bonds) about a week before chosing our property and placing an offer on it. Therefore it was not possible for the bond to be included since bond requirements/amounts were yet to be known at the time of the qualification.

With that stated, I cannot say that you are wrong in what you stated since I don't know where you applied for a mortgage or how your process may have gone down. So could there be more than one correct answer? Don't know! Guess the prospective buyer needs to pose that question directly to their lending institution if they want to know for sure!