Fannie Mae – Job Gap: If a borrower has not worked for the last two years due to caring for an ailing parent, can I count his new salaried job which is the same line of work before the gap?

Answer: Fannie Mae does not have a ‘time back on the job” requirement.  If you simply document the file with the reason for the gap along with a prior income history in the same field (prior years’ W2’s while still working), and evidence of unemployment income, if available, then you should be okay.  Fannie Mae […]

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