Annuity Income Fannie Mae

This documentation may differ from the requirements described above.

Annuity income fannie mae. Social security va or other government retirement or annuity. Fannie mae s underwriting guidelines emphasize the continuity of a borrower s stable income. Stable and predictable income. Fannie mae customers can visit ask poli to get information from other fannie mae published sources.

The lender 1 must document regular receipt of the income in the form of a distribution from a 401 k ira or keogh retirement account as well as confirm that it will continue for at least three years. If retirement income is paid in the form of a distribution from a 401 k ira or keogh retirement account determine whether the income is expected to continue for at least three years after the date of the mortgage application. Or 2 may create an income stream using eligible employment related assets when a distribution is not already set. Calculating income 23 fannie mae selling guide.

Proof of current receipt. The stable and reliable flow of income is a key consideration in mortgage loan underwriting. Copies of signed federal income tax returns irs w 2 or 1099 forms or. Confidential fannie mae selling guide continuance of income calculating income 24 see b3 3 1 01 general income information 08 07 2019 confidential calculating income 25 documentation fannie mae selling guide check for investor overlays for timing of verbal voe.