Here’s a couple of benefits of using Freddie Mac over Fannie Mae on your conventional loan…
Freddie is a little easier on Asset Verification. Freddie will just ask for your most recent 30 days’ bank statements.
Freddie is more aggressive on additional income calculation. Freddie DOES NOT require a 2-year average and a YTD calculation for income such as: bonus, overtime, tips, etc. Merely most recent year and YTD.
If you have additional questions about Conventional loans just give me a call or shoot me an email.
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
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