A lot of Millennials and their employers are saying “no” to traditional checking accounts. Instead they have their payroll deposited on their debit cards. The mortgage markets haven’t quite caught up, but we can and have assisted those clients – so call me first!

Question:  Fannie-Freddie-FHA-VA-Payroll Debit Cards-  Will Fannie Mae accept income that is deposited to a debit card by an employer? Answer: Our expert sent this email to Fannie Mae based on your question: Scenario:  We have had several questions from borrowers who have employers that utilize debit cards to deposit the employee payroll.  We have a […]

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