Tag: self-employed time frame

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 borrowers worked in a similar field, among other things. Reference: Fannie Mae B3-3.2-01, Underwriting Factors and Documentation for a Self-Employed Borrower (12/04/2018) Introduction This topic contains […]

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