source:
  type: guide
  id: fnma-sel-b3-3.4-09
  authority: Fannie Mae Selling Guide B3-3.4-09 — Long-term Disability Income
  description: Fannie Mae Selling Guide B3-3.4-09 — Long-term Disability Income.
  coverage_tier: operative
obligations:
- id: fnma-sel-b3-3.4-09-full
  canonical_id: fnma-sel-b3-3.4-09-full
  section: Fannie Mae Selling Guide B3-3.4-09 — Long-term Disability Income
  type: do
  tags:
  - regulator-direct
  - fnma
  - selling-guide
  - corpus-expansion
  - tier-operative
  primary_source:
    tier: 1
    authority: Fannie Mae Selling Guide B3-3.4-09 — Long-term Disability 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: 'B3-3.4-09, Long-term Disability Income (03/04/2026) The following
      table provides requirements for long-term disability income. It does not apply
      to disability income that is received from the Social Security Administration.
      See B3-3.4-15, Social Security Income, for additional information. Published
      May 6, 2026 347 Criteria Requirements Documentation The lender must obtain •
      a copy of the borrower''s disability policy or beneﬁts statement from the beneﬁts
      payer (insurance company, employer, or other qualiﬁed disinterested party) to
      determine: ⚬ the borrower''s current eligibility for the disability beneﬁts,
      ⚬ the amount and frequency of the disability payments, and ⚬ if there is a contractually
      established termination or modiﬁcation date. 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 Lenders are not required to verify continuance unless they have
      reason to believe the income may not continue. (Re-evaluation of beneﬁts is
      not considered a reason to support income will not continue.) Determination
      of Qualifying Income The monthly income amount as documented above may be used
      as qualifying income. However, if a borrower is currently receiving short-term
      disability payments that will decrease to a lesser amount within the next three
      years because they are being converted to long-term beneﬁts, the amount of the
      long-term beneﬁts must be used as income to qualify the borrower. For additional
      information on short-term disability, see B3-3.3-09, Temporary Leave Income.
      DU Validation Service If a borrower''s long-term disability 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. Recent Related Announcements The
      table below provides references to recently issued Announcement related to this
      topic. Announcements Issue Date Announcement SEL-2026-02 March 04, 2026 Published
      May 6, 2026 348'
  judgment: false
