Fannie Mae Selling Guide B3-3.4-18 — VA Benefits Income

fnma-sel-b3-3-4-18

Fannie Mae Selling Guide B3-3.4-18 — VA Benefits Income.

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  authority: Fannie Mae Selling Guide B3-3.4-18 — VA Benefits Income
  description: Fannie Mae Selling Guide B3-3.4-18 — VA Benefits Income.
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obligations:
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    section: Fannie Mae Selling Guide B3-3.4-18 — VA Benefits Income
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    tags:
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      - fnma
      - selling-guide
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      authority: Fannie Mae Selling Guide B3-3.4-18 — VA Benefits Income
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      source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
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      fetched_at: '2026-05-25T14:09:57Z'
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      paragraph_quote: '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. Published May 6, 2026 360 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. Recent Related Announcements The table below provides reference to recently issued Announcements related to this topic. Announcements Issue Date Announcement SEL-2026-02 March 04, 2026'

Verbatim regulatory text (1)

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. Published May 6, 2026 360 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. Recent Related Announcements The table below provides reference to recently issued Announcements related to this topic. Announcements Issue Date Announcement SEL-2026-02 March 04, 2026

Source: Fannie Mae Selling Guide B3-3.4-18 — VA Benefits Income · source URL · snapshot 5f7b8b79da595d76