Fannie Mae will allow seasonal income provided it is consistent for at least 2 years and there is reasonable expectation a borrower will receive it. Call me for details.
Fannie Mae-Use of Seasonal Income: Can seasonal income be used to qualify for a loan? Answer: There are two types of secondary income – a true Second Job, where the income should be uninterrupted, and Seasonal Income, which would be seasonal based on a borrower who earns this income in their “time off” during the […]
A subscription is required to access this content—please view our available subscription options. If you are a current subscriber, please log in.