Save of the Week….!

 

Here is a success story of a loan we saved that almost didn’t close with another bank.   The buyer had been unemployed for over a year and was recently hired as a contract worker 5 months ago.  Fannie Mae does not allow banks to count income from contract work unless the buyer has a two year history.  We were able to dig a little deeper and find a solution that would work; agreeable to our underwriter and fit within the Fannie Mae guidelines!  Call us with your buyers!