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Fannie Mae Other Income

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Does Fannie Mae Allow Gambling Income

Fannie Mae is a government-sponsored enterprise that makes mortgages available to low- and moderate-income borrowers. It does not provide loans, but backs or guarantees them in the secondary. Fannie Mae Guidelines On Second Homes does not require second home buyers to own primary home. If borrowers currently do not own a home and rent or live with relatives, they can still qualify to purchase a second home without owning a primary residence.