There are some income types that require the borrower to prove continuance of income and other types that do not. For instance, lenders do not need to prove continuance of income for those receiving disability income or social security income.
Question: Fannie Mae – Continuation of Income: How do I verify continuation of income for disability income? Answer: If the documentation requirements do not show a DEFINED EXPIRATION DATE, then you should be able to conclude that the income can be used without documenting a 3-year continuance. You only must go after documenting a three-year […]