source:
  type: guide
  id: fnma-sel-b3-3.3-05
  authority: Fannie Mae Selling Guide B3-3.3-05 — Military Income
  description: Fannie Mae Selling Guide B3-3.3-05 — Military Income.
  coverage_tier: operative
obligations:
- id: fnma-sel-b3-3.3-05-full
  canonical_id: fnma-sel-b3-3.3-05-full
  section: Fannie Mae Selling Guide B3-3.3-05 — Military Income
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B3-3.3-05 — Military 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: 'B3-3.3-05, Military Income (03/04/2026) The following table
      provides requirements for military income, including base pay and allowances.
      Criteria Requirements Documentation The lender must obtain the borrower''s most
      recent Leave and Earnings Statement (LES) dated within 120 days of the note
      date. Additionally, a verbal VOE is required. See B3-3.1-04, Verbal Veriﬁcation
      of Employment, for speciﬁc requirements. Income History Active Duty: There is
      no set minimum history requirement for inclusion as qualifying income. National
      Guard/Reserves: A minimum 12-month history is required. Income Continuance Military
      personnel may be entitled to diﬀerent types of pay ("allowances") in addition
      to their base pay, including but not limited to ﬂight or hazard pay, rations,
      clothing allowance, quarters'' allowance, and proﬁciency pay. The lender must
      carefully examine allowances that a service member receives based on their location
      or the nature of their job duties. The lender may include these allowances as
      qualifying income provided there is no indication that the income amount will
      be lowered, in which case the lower amount must be used for qualifying, or discontinued
      altogether. Determination of Qualifying Income The lender may include the full
      amount of the borrower''s monthly base pay and allowances as qualifying income.
      Recent Related Announcements The table below provides reference to recently
      issued Announcements related to this topic. Published May 6, 2026 325 Announcements
      Issue Date Announcement SEL-2026-02 March 04, 2026'
  judgment: false
