Selling Guide

Published April 1, 2020

The Selling Guide is organized into parts that reflect how lenders generally categorize various aspects of their business relationship with Fannie Mae. To begin browsing, select from any of the sections below. You may also download the entire Selling Guide in PDF format.

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Hint: Ask in a form of a question.

If borrower is self-employed and owns a business that is closed due to the pandemic, can the income be used to qualify?

Note: This FAQ comes from the published COVID-19, FAQs on Underwriting & General

The borrower is self-employed and owns a business that is closed due to the pandemic. Can the income be used to qualify?

No, if the business is not operating, the income may not be used to qualify.

For more information, refer to the published Lender Letter LL-2020-03, Impact of COVID-19 on Originations.

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