For self-employed borrowers, the minimum time to document that income is 24 months. However, there are exceptions when a borrower is in the same line of work and can document equal or greater income from being self-employed. Have Questions? Just Ask!
Related Article Title: Fannie Mae & Freddie Mac – Self-Employed: Will Fannie or Freddie allow a borrower who has been self-employed for less than 2 years? Answer: Yes, both agencies (Fannie/Freddie) offer a path for someone with less than two years in self-employment, but never less than one year. The less-than-two-year path requires that the […]