Fannie Mae Selling Guide B3-3.4-18 — VA Benefits Income
Fannie Mae Selling Guide B3-3.4-18 — VA Benefits Income.
Verbatim regulatory text
Verbatim provisions from Fannie Mae Selling Guide B3-3.4-18 — VA Benefits 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 B3-3.4-18 — VA Benefits Income
B3-3.4-18, VA Benefits Income (03/04/2026) The following table provides verification requirements for income from VA benefits. Criteria Requirements Documentation The lender must obtain verification of the income amount and terms using one or more of the following: • a statement from the organization (VA) providing the income, • a copy of the award letter or benefit statement, • a copy of the financial or bank account statement, • a copy of the signed federal income tax return, or • an IRS 1099 form. Additionally, the lender must obtain evidence 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. (Verification is not required for VA retirement or long-term disability benefits.) Determination of Qualifying Income The monthly income amount as documented above may be used as qualifying income. Note: Education benefits are not acceptable income because they are offset by education expenses. Criteria Requirements DU Validation Service If the borrower's VA benefit income is validated by the DU validation service, DU will issue a message indicating the required documentation. This documentation may differ from the requirements described above. See B3-2-02, DU Validation Service for additional information. The table below provides reference to recently issued Announcements related to this topic.
Operationalizing Fannie Mae Selling Guide B3-3.4-18 — VA Benefits Income
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Source of record: https://claudeforcompliance.com/regs/fnma-sel-b3-3-4-18/
· register fnma-sel-b3-3-4-18 · Claude for Compliance. Free to read and download;
see regulatory updates and methodology.