If a borrower has a new job, but does not have a non-contingent contract, will Fannie or Freddie allow that income?

Answer: Both Fannie and Freddie allow for this, but your company has to hold the loan before selling to Fannie or Freddie until AFTER the borrower starts employment and you get first paystub. A lot of lenders don’t like to take that risk.  So the agencies offer two options, one that I explained above, and […]

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