Fannie Parents Unable to Work Mortgage: I want to do a loan for someone who is purchasing a condo for their parent who is unable to work. What are Fannie’s guidelines?

Answer: A lender would typically know if the parent could not qualify on their own, if a DU run shows that the income that is earned by the parent is not sufficient to qualify them, and so tax returns may be necessary to make the initial determination (for income calc purposes). If parent is unable to […]

A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.

Scroll to Top