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.

View All Selling Policy Updates

Download PDF

Hint: Ask in a form of a question.

For best results, pose your search like a question.

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

Introduction

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.

Have You Tried Ask Poli?

Poli knows. Just ask.

Ask Poli features exclusive Q&As and
more—plus official Selling & Servicing
Guide
content.

Try Ask Poli

Related Articles

B3-4.2-01, Verification of Deposits and Assets (04/25/2017)

IntroductionThis topic contains information on verifying deposits and assets, including: Verification of Deposits and Assets  Blanket Authorization...

Read more

B3-4.2-02, Depository Accounts (12/06/2016)

IntroductionThis topic contains information on depository accounts, including: Depository Accounts  Business Assets  Evaluating Large...

Read more

B3-4.2-03, Individual Development Accounts (02/06/2019)

IntroductionThis topic contains information on individual development accounts, including: Individual Development Accounts  Use of IDA Funds to Meet...

Read more

Have guide questions? Get answers to all of your policy questions, straight from the source.

Get Started
X
Having Issues with Seeing this Page Correctly?

Use Firefox or Chrome   How to do a hard refresh in Internet Explorer
We recommend that you use the latest version of FireFox or Chrome.

Download Firefox
Download Chrome
  A hard refresh will clear the browsers cache for a specific page and force the most recent version of a page.
    Hold the Ctrl key and press the F5 key.
     

Email Us
If you still have Technical Support questions, feel free to emailAsk_Poli@fanniemae.com.