Tag: 1099 income

Evaluating the Use of a Large Deposit – MC Chart – Large Deposits – All Agency Guidance

Question: My client has a large deposit from a 1099 invoice for a project he was contracted for.  Will Fannie Mae or Freddie Mac allow us to use this as assets? Answer: Based on what I see in the guidelines below, there is flexibility when documenting a large deposit. A lender may choose (or not […]

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