A $2,000 Social Security Benefit Could Count as $2,500 in Mortgage Income Under Fannie Mae Rules
Summary
Fannie Mae rules may allow lenders to increase verified nontaxable Social Security income when assessing a mortgage application, but the adjustment does not raise the borrower's actual payments.
Description from Ibtimes.
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A $2,000 Social Security Benefit Could Count as $2,500 in Mortgage Income Under Fannie Mae Rules
Fannie Mae rules may allow lenders to increase verified nontaxable Social Security income when assessing a mortgage application, but the adjustment does not raise the borrower's actual payments.
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