(Fannie Mae) HomeReady™ Program – Boarder Income: Can I use a spouse’s income that is not on the loan as boarder income for the HomeReady™ Program?
Answer: Boarder Income is allowed on HomeReady(TM) programs, but there are some details you need to know. Contact me! Your challenge would be showing proof that the boarder (the spouse in this case) paid rent to the borrower for the last 12 months. If you cannot prove that the spouse paid rent for the period […]