A self-employed borrower who has large deposits in their business account must have those deposits sourced for Fannie Mae loans.

Answer: Yes – there is no regard to whether borrower is self-employed or not.  All large deposits must be accounted for.  Review section below on Business Assets too, so that you can be assured you have addressed all related concerns. B3-4.2-02, Depository Accounts (12/06/2016) Introduction This topic contains information on depository accounts, including: Depository Accounts […]

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