Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Can I Get You a Loan Using Future Income? Maybe!
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 Transactions only
o   Primary Residence only
o   The borrower Is not employed by a family member or by an interested party to the transaction, AND The borrower is qualified using only fixed base income
o   The borrower’ start date must be within 90 days of the note date
o   The contract for future employment must:
     Clearly identify the employer and the borrower, be signed by the employer and be accepted and signed by the borrower      must clearly identify the terms of employment, including position, type, and rate of pay and start date, and      must be non-contingent.   If conditions ... more

__________________________________________________
Are you on The Rain? Grow Your Network!