Fannie Mae, Freddie Mac & FHA – New Graduate Job: Can we use the income of an applicant who just started a position upon graduating college?
Answer – Fannie and Freddie Say: Both Fannie Mae and Freddie Mac should be able to support this. Support by obtaining a 30-day paystub, or an offer letter and a copy of his degree. Reference: Employment Offers or Contracts If the borrower is scheduled to begin employment after the loan closes, the lender may deliver the [...]