Fannie Mae will not allow stipend income to be used unless the lender can verify that the income will continue for at least three years.

Related Article Title: Can Stipend Income be used to purchase a home? Question: My client has a substantial stipend income that they have received for 12 months and are guaranteed for another 12 months. Can I use this income to qualify the borrower? Answer: Unfortunately, the stipend is not an eligible source of income and […]

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