Unemployment gaps are handled differently between Fannie Mae and FHA. Fannie Mae has no specific waiting time to use the income, yet FHA may require 6 months. Let’s talk first to make sure you are getting the right loan for you!
Article Title: Fannie Mae, Freddie Mac & FHA – Unemployment Job Gap: Can someone with a 6.5-month unemployment gap who now has a stable job be eligible for financing, if it is less than 6 months? Answer – Fannie Mae and Freddie Mac Say: There is no specific waiting time listed in the selling guides […]