Fannie Mae and Freddie Mac allow a borrower to close with a job offer letter, but it must be clear of contingencies.

Related Question: Fannie Mae – Offer Letter as Income: If a borrower has an offer letter with contingencies, can they close before they start their new job? Answer: Fannie Mae offers two options. Option One requires the lender to hold the loan until the borrower’s first paycheck is received. This leaves the lender at risk, […]

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