Thanks for joining us on the renovation minute. We are bringing you three ways to help keep transactions together with Freddie Mac.
- For self employed borrowers on Freddie they now only require one year of tax returns to income qualify instead of having to average two full years
- The schedule most folks use for itemized deduction on their tax forms ( 2106 ) can sometimes be added back to income whereas previously these deductions were deducted from usable income on a transaction.
- In special circumstance we can use a non-occupant co-borrower with an occupant co-borrower to qualify a loan applicant up to a 75% loan to value.