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  • Form 3152 - Fannie Mae

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Rated into and shall be deemed to amend and supplement the Mortgage, Deed of Trust, or Security Deed (the Security Instrument ) of the same date given by the undersigned ( Borrower ) to secure Borrower s Fixed/Adjustable Rate Note (the Note ) to ( Lender ) of the same date and covering the property described in the Security Instrument and located at:.

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The lender is not required to provide documentation to support that the income is nontaxable for the following: Child support income: The lender may treat the full amount of qualifying child support income as nontaxable and gross-up the income as described above.

Fannie Mae only: Fannie Mae considers a non-permanent resident borrower legally present in the U.S. if: -They have a Social Security Number and -have current, verified status, which may be documented by a valid and unexpired: ⁰ Employment Authorization Document (EAD); or ⁰ Green Card; ⁰ Work Visa; ⁰ Passport with entry ...

For alimony and separate maintenance obligations, the lender has the option to reduce the qualifying income by the amount of the obligation in lieu of including it as a monthly payment in the calculation of the DTI ratio.

Installment accounts must have the monthly payment included. If ten or less months of repayment remains per the credit report, creditor verification, etc., the monthly debt may be omitted if the payment does not exceed five percent of the monthly repayment income.

These documents can include an employment verification letter, recent pay stubs, W-2s, or anything else to prove an employment history and confirm income. This has historically been a slow, expensive process for the lender. It is also a frustrating and time-consuming process for the borrower.

If you are paying alimony, there is an increase in your debt obligations, which can result in a higher DTI ratio. A higher DTI ratio may make it more challenging to qualify for a mortgage as lenders typically have limits to the DTI ratios they are willing to accept.

Pennymac is aligning with Fannie Mae SEL-2023-11 announcing Restricted Stock Units (RSUs) and restricted stock income eligibility, effective with new applications dated on or after March 1, 2024.

Each tax return must be signed by the borrower unless the lender has obtained one of the following signature alternatives: documentation confirming that the tax returns were filed electronically, a completed IRS Form 4506–C (signed by the borrower) for the year in question, or.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232