Mortgage Navigator • Conventional • Affordable Programs

Boarder income in affordable conventional

Standard conventional loans usually do not count ordinary boarder income, but affordable products create targeted exceptions.

Build My Mortgage Game Plan Conventional Navigator

Standard Fannie rule

Boarder income is generally not acceptable stable income except for limited exceptions, including HomeReady and certain live-in personal-assistant scenarios.

HomeReady documentation

Fannie's current boarder-income framework requires documented shared residency and a minimum 12-month receipt history, with stable, regular payments.

Freddie

Home Possible has its own boarder-income treatment under Freddie's affordable-product rules. Documentation and qualifying calculations should be checked under the current Guide and LPA findings.

Potential loan-saver: a recurring household payment that cannot count under standard conventional may become usable under an affordable product if every program requirement is met.

Official guide baseline

Fannie Mae Selling Guide · Freddie Mac Seller/Servicer Guide

Affordable-conventional product rules are layered on top of ordinary conventional underwriting. Income limits, occupancy, education, LTV and subordinate financing requirements must all be checked.