financing with new job: Can I Get You a Loan Using Future Income? Maybe!
- 07/31/17 04:39 PM
In one of the latest updates to our guidelines, Fannie and Freddie will allow someone that has a job offer and a position that will start within 90 days for Fannie and 60 days for Freddie of funding to use that future income to qualify for a loan. This is great news for people that are relocating or taking time off between positions. You cannot use income from a future raise, just a new job.
Here is an overview of the new policy.
Future Income:
Allowed for Fannie per DU Findings with the following requirements: o 1 Unit property only
o Purchase … (1 comments)
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In one of the latest updates to our guidelines, Fannie and Freddie will allow someone that has a job offer and a position that will start within 90 days for Fannie and 60 days for Freddie of funding to use that future income to qualify for a loan. This is great news for people that are relocating or taking time off between positions. You cannot use income from a future raise, just a new job.
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