Lenders view Oil Leases as Royalty Income. Lender requirements for this type of income vary, so contact me first to find the right program for your circumstances.

Related Article Title: Fannie Mae and Freddie Mac – Oil Leases & Royalty Income:  Is the 3-year continuity of income required for oil leases where income is reported on the tax return, but no one knows how long a well will produce oil? Answer: This falls under Royalty Income. Fannie Mae is more restrictive and […]

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