Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income

fnma-sel-b3-3-4-12

Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income.

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source:
  type: guide
  id: fnma-sel-b3-3.4-12
  authority: Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income
  description: Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income.
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    section: Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income
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    tags:
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      - selling-guide
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      authority: Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income
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      source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
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      paragraph_quote: 'B3-3.4-12, Public Assistance Income (03/04/2026) The following table provides requirements for public assistance income, which can include adoption assistance. Criteria Requirements Documentation The lender must obtain letters or exhibits from the paying agency that state the amount, frequency, and duration of the beneﬁt payments. Additionally, the lender must obtain evidence that the borrower will receive at least one payment on or before the ﬁrst payment due date. Income History No minimum history is required. Income Continuance The lender must document that income is expected to continue for at least three years from the note date. Determination of Qualifying Income The monthly income amount as documented above may be used as qualifying income. Note: If any amount of documented qualifying income is nontaxable, it may be grossed up. See B3-3.1-01, General Income Information for nontaxable income guidelines. Recent Related Announcements The table below provides references to recently issued Announcements related to this topic. Published May 6, 2026 351 Announcements Issue Date Announcement SEL-2026-02 March 04, 2026'

Verbatim regulatory text (1)

Verbatim provisions from Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income — each quote is a verified substring of the regulator-published source snapshot, not retyped. Quoted for reference; this is not legal advice. The operational layer (P&P updates, prompts) lives in the regulation update kits.

Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income

B3-3.4-12, Public Assistance Income (03/04/2026) The following table provides requirements for public assistance income, which can include adoption assistance. Criteria Requirements Documentation The lender must obtain letters or exhibits from the paying agency that state the amount, frequency, and duration of the beneﬁt payments. Additionally, the lender must obtain evidence that the borrower will receive at least one payment on or before the ﬁrst payment due date. Income History No minimum history is required. Income Continuance The lender must document that income is expected to continue for at least three years from the note date. Determination of Qualifying Income The monthly income amount as documented above may be used as qualifying income. Note: If any amount of documented qualifying income is nontaxable, it may be grossed up. See B3-3.1-01, General Income Information for nontaxable income guidelines. Recent Related Announcements The table below provides references to recently issued Announcements related to this topic. Published May 6, 2026 351 Announcements Issue Date Announcement SEL-2026-02 March 04, 2026

Source: Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income · source URL · snapshot 5f7b8b79da595d76