Written By: Leslie Petersen, MortgageCurrentcy.com
Question: Does Fannie, Freddie, FHA or VA Consider a Loan from Your 401K as a Debt to Qualify These Days?
One loan officer asked 3 people and got conflicting answers from the wholesale reps and underwriters.
Has that happened to you?
Conflicting information doesn't surprise me, probably because Fannie & Freddie have flip-flopped on the issue more than once. FHA and VA have not changed.
Read what is considered, what is not and the resources to back you up!
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