Derek McGowanLoan Officer / Owner, McGowan Mortgages · Branch Manager & Top-Ranked Mortgage Advisor

Fannie Mae’s new Rule - Self-Employed HomeBuyers! #fanniemae #selfemployed #homeloans #mortgagerates

21 Oct 2023

Watch on YouTube

This is a YouTube video titled "Fannie Mae’s new Rule - Self-Employed HomeBuyers! #fanniemae #selfemployed #homeloans #mortgagerates" created on October 21, 2023. The content features Derek McGowan explaining recent changes in mortgage qualification rules for self-employed home buyers, focusing on the differences between Fannie Mae and Freddie Mac guidelines.

Good news for self employed home buyers. Qualifying for your mortgage just got easier. So when going for a conventional loan, there's Fannie Mae and Freddie Mac, the two government entities that write rules. They're very similar, but they have some different little nuances. So Fannie Mae is the way more common one of the two. Their rules were pretty standard. You had to get your two year tax returns and you had to do a 24 month.