Selling Guide

Published June 3, 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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B3-4.2-05, Verification of Assets for Non-U.S. Citizen Borrowers (04/01/2009)


This topic contains information on the verification of assets for non-U.S. citizen borrowers.


Verification of Assets for Non-U.S. Citizen Borrowers

The lender must document all sources of funds used for down payments and closing costs.

Funds that a non-U.S. citizen borrower recently deposited in a U.S. depository institution are an acceptable source of funds provided all of the following requirements are met:

  • There is documented evidence of funds transfer from the country from which the borrower immigrated,

  • It can be established that the funds belonged to the borrower before the date of the transfer, and

  • The sources of all funds used for closing can be verified just as they would for a borrower who is a U.S. citizen.

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