source:
  type: guide
  id: fnma-sel-b3-3.4-12
  authority: Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income
  description: Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income.
  coverage_tier: operative
obligations:
- id: fnma-sel-b3-3.4-12-full
  canonical_id: fnma-sel-b3-3.4-12-full
  section: Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B3-3.4-12 — Public Assistance Income
    source_class: fnma-guide
    source_url: https://singlefamily.fanniemae.com/media/document/pdf/selling-guide
    snapshot_id: 5f7b8b79da595d76
    fetched_at: '2026-05-25T14:09:57Z'
    content_hash: sha256:98cf85a02861bbe84914a0e339b327c8fc131869a8a573882007bbeea60c5701
    paragraph_quote: 'B3-3.4-12, Public Assistance Income (03/04/2026) The following
      table provides requirements for public assistance income, which can include
      adoption assistance. Criteria Requirements Documentation The lender must obtain
      letters or exhibits from the paying agency that state the amount, frequency,
      and duration of the beneﬁt payments. Additionally, the lender must obtain evidence
      that 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. Determination of Qualifying Income The monthly income
      amount as documented above may be used as qualifying income. Note: If any amount
      of documented qualifying income is nontaxable, it may be grossed up. See B3-3.1-01,
      General Income Information for nontaxable income guidelines. Recent Related
      Announcements The table below provides references to recently issued Announcements
      related to this topic. Published May 6, 2026 351 Announcements Issue Date Announcement
      SEL-2026-02 March 04, 2026'
  judgment: false
